Sivia Capital Partners LLC Acquires 4,904 Shares of Citigroup Inc. (NYSE:C)

Sivia Capital Partners LLC lifted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 151.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,136 shares of the company's stock after buying an additional 4,904 shares during the quarter. Sivia Capital Partners LLC's holdings in Citigroup were worth $578,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Core Alternative Capital lifted its position in shares of Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Orion Capital Management LLC bought a new position in Citigroup in the 4th quarter worth approximately $28,000. American National Bank & Trust bought a new position in Citigroup in the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup during the 4th quarter worth $34,000. Finally, Creative Capital Management Investments LLC bought a new position in Citigroup in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

C has been the topic of several research reports. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. JPMorgan Chase & Co. cut their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group lowered their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Morgan Stanley cut their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Bank of America lowered their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.97.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Shares of Citigroup stock traded up $1.65 during trading on Friday, hitting $78.32. 11,514,514 shares of the stock were exchanged, compared to its average volume of 14,600,134. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average price of $69.43 and a 200-day moving average price of $72.75. The stock has a market capitalization of $146.28 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal 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 paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Citigroup Profile

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.