Citigroup Inc. (NYSE:C) Shares Purchased by Vest Financial LLC

Vest Financial LLC grew its position in Citigroup Inc. (NYSE:C - Free Report) by 73.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,482 shares of the company's stock after buying an additional 6,559 shares during the quarter. Vest Financial LLC's holdings in Citigroup were worth $1,099,000 at the end of the most recent reporting period.

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

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the 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 transaction, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

C has been the subject of several recent analyst reports. 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 research note on Wednesday, April 2nd. Truist Financial dropped their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, TD Cowen started coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target for the company. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus target price of $84.30.

Citigroup Price Performance

Shares of Citigroup stock traded down $0.15 on Thursday, hitting $78.23. The company's stock had a trading volume of 6,739,424 shares, compared to its average volume of 14,522,564. The company has a market capitalization of $146.11 billion, a price-to-earnings ratio of 13.15, 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. 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 fifty day moving average price of $70.26 and a 200-day moving average price of $72.91.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating 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 business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given 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 2.86%. Citigroup's dividend payout ratio (DPR) 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.