36,414 Shares in Citigroup Inc. (NYSE:C) Purchased by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 36,414 shares of the company's stock, valued at approximately $2,585,000.

Several other hedge funds also recently modified their holdings of C. Pallas Capital Advisors LLC lifted its holdings in shares of Citigroup by 62.0% during the first quarter. Pallas Capital Advisors LLC now owns 30,964 shares of the company's stock valued at $2,198,000 after purchasing an additional 11,853 shares during the last quarter. WFA Asset Management Corp boosted its stake in shares of Citigroup by 14.0% during the 1st quarter. WFA Asset Management Corp now owns 41,244 shares of the company's stock valued at $2,928,000 after buying an additional 5,075 shares during the period. Farther Finance Advisors LLC grew its stake in Citigroup by 28.8% in the first quarter. Farther Finance Advisors LLC now owns 27,914 shares of the company's stock valued at $1,969,000 after purchasing an additional 6,242 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in Citigroup by 268.2% in the first quarter. Daymark Wealth Partners LLC now owns 10,778 shares of the company's stock worth $765,000 after buying an additional 7,851 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in shares of Citigroup by 1.1% during the 1st quarter. CHICAGO TRUST Co NA now owns 29,367 shares of the company's stock worth $2,085,000 after purchasing an additional 315 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on C. JPMorgan Chase & Co. cut their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Royal Bank of Canada lowered their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Bank of America reduced their price objective 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. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, TD Cowen started coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.30.

Insider Buying and Selling

In other Citigroup 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 transaction, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

Shares of C stock traded down $0.15 during trading hours on Thursday, reaching $78.23. 6,739,424 shares of the company were exchanged, compared to its average volume of 14,522,565. The company has a market cap of $146.11 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.64 and a beta of 1.33. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The stock's fifty day moving average is $70.26 and its two-hundred day moving average is $72.91. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last released its earnings results 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. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders 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 is currently 35.39%.

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.