TrueMark Investments LLC Has $5.56 Million Stake in Citigroup Inc. (NYSE:C)

TrueMark Investments LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,305 shares of the company's stock after buying an additional 7,560 shares during the quarter. Citigroup comprises approximately 1.5% of TrueMark Investments LLC's investment portfolio, making the stock its 12th biggest holding. TrueMark Investments LLC's holdings in Citigroup were worth $5,559,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. bought a new position in Citigroup during the 4th quarter worth approximately $34,000. Runnymede Capital Advisors Inc. bought a new position in Citigroup during the 4th quarter worth approximately $39,000. Finally, Whipplewood Advisors LLC boosted its stake in Citigroup by 79.2% during the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after acquiring an additional 252 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Finally, Bank of America lifted their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.03.

Insider Buying and Selling

In related 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 completion of the transaction, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Stock Up 2.2%

Shares of Citigroup stock traded up $1.83 on Thursday, hitting $84.46. The company had a trading volume of 18,553,929 shares, compared to its average volume of 14,551,291. The firm has a market capitalization of $157.75 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.78. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50-day moving average of $74.10 and a 200-day moving average of $73.53.

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

Citigroup Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.65%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is 35.39%.

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.