Total Wealth Planning & Management Inc. Acquires Shares of 8,873 Citigroup Inc. (NYSE:C)

Total Wealth Planning & Management Inc. bought a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,873 shares of the company's stock, valued at approximately $625,000.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. boosted its position in Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after acquiring an additional 11,674 shares during the last quarter. Invesco Ltd. boosted its position in Citigroup by 13.8% during the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after acquiring an additional 1,970,300 shares during the last quarter. Candriam S.C.A. boosted its position in Citigroup by 12.7% during the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after acquiring an additional 22,657 shares during the last quarter. Brighton Jones LLC boosted its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in Citigroup by 22.3% during the fourth quarter. Foundations Investment Advisors LLC now owns 319,669 shares of the company's stock worth $22,502,000 after acquiring an additional 58,204 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.08% of the company's stock.

Citigroup Trading Down 0.3%

Shares of Citigroup stock traded down $0.23 during trading hours on Friday, hitting $75.30. The company's stock had a trading volume of 12,509,663 shares, compared to its average volume of 14,579,475. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The business has a fifty day moving average of $68.89 and a 200 day moving average of $72.44. The company has a market capitalization of $140.64 billion, a PE ratio of 12.66, a P/E/G ratio of 0.64 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is 35.39%.

Wall Street Analyst Weigh In

Several research firms have weighed in on C. Evercore ISI decreased their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Cowen assumed coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. JPMorgan Chase & Co. lowered their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Finally, The Goldman Sachs Group decreased their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.97.

Citigroup Company 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.