8,873 Shares in Citigroup Inc. (NYSE:C) Bought by Total Wealth Planning & Management Inc.

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

Several other large investors have also modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Citigroup in the fourth quarter worth about $75,439,000. Pinnacle Wealth Planning Services Inc. boosted its stake in Citigroup by 3.3% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 5,106 shares of the company's stock worth $359,000 after purchasing an additional 165 shares during the period. Carolinas Wealth Consulting LLC grew its position in Citigroup by 43.9% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,128 shares of the company's stock worth $79,000 after purchasing an additional 344 shares in the last quarter. Yoffe Investment Management LLC acquired a new stake in Citigroup during the 4th quarter valued at $235,000. Finally, LM Advisors LLC raised its stake in Citigroup by 15.1% during the 4th quarter. LM Advisors LLC now owns 16,681 shares of the company's stock valued at $1,174,000 after purchasing an additional 2,191 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

Shares of Citigroup stock traded down $0.43 during trading on Wednesday, reaching $75.04. The company's stock had a trading volume of 9,978,060 shares, compared to its average volume of 14,550,945. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $140.15 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The business's fifty day moving average price is $68.85 and its 200-day moving average price is $72.36.

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

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.99%. Citigroup's payout ratio is 35.39%.

Analysts Set New Price Targets

C has been the topic of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and set a $77.00 price target (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. TD Cowen started coverage on Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective for the company. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price target (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Cowen started coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating on the stock. Finally, Royal Bank of Canada decreased their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $83.97.

Insider Buying and Selling

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 sale, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

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.