Salzhauer Michael Has $33.43 Million Holdings in Citigroup Inc. (NYSE:C)

Salzhauer Michael boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 19.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,955 shares of the company's stock after acquiring an additional 77,305 shares during the quarter. Citigroup accounts for approximately 13.3% of Salzhauer Michael's holdings, making the stock its 2nd largest position. Salzhauer Michael's holdings in Citigroup were worth $33,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. True Wealth Design LLC lifted its holdings in shares of Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after buying an additional 119 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after buying an additional 120 shares during the period. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in shares of Citigroup by 1.6% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after buying an additional 135 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Citigroup by 3.4% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after buying an additional 137 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in shares of Citigroup by 2.4% during the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after buying an additional 139 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

Shares of Citigroup stock traded up $0.04 during trading on Friday, reaching $84.41. 21,831,230 shares of the stock traded hands, compared to its average volume of 14,571,706. The company has a market capitalization of $157.66 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.66 and a beta of 1.33. The business has a fifty day simple moving average of $74.53 and a two-hundred day simple moving average of $73.64. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.79.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. The firm had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. Sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is 35.39%.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

C has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group restated a "buy" rating on shares of Citigroup in a research note on Tuesday, June 24th. Wall Street Zen lowered Citigroup from a "hold" rating to a "sell" rating in a research note on Friday. Morgan Stanley upped their price objective on Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday, June 23rd. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.03.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.