Worth Asset Management LLC Makes New $408,000 Investment in Citigroup Inc. (NYSE:C)

Worth Asset Management LLC acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,754 shares of the company's stock, valued at approximately $408,000.

Several other large investors have also recently added to or reduced their stakes in the stock. American National Bank & Trust acquired a new position in Citigroup during the 1st quarter valued at about $29,000. Czech National Bank increased its stake in shares of Citigroup by 5.1% during the first quarter. Czech National Bank now owns 431,141 shares of the company's stock valued at $30,607,000 after acquiring an additional 21,077 shares during the period. Mirador Capital Partners LP raised its holdings in Citigroup by 8.7% during the first quarter. Mirador Capital Partners LP now owns 31,187 shares of the company's stock worth $2,214,000 after purchasing an additional 2,508 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Citigroup by 3.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 20,872 shares of the company's stock worth $1,482,000 after purchasing an additional 615 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Citigroup by 2.2% during the 1st quarter. Parallel Advisors LLC now owns 31,972 shares of the company's stock valued at $2,270,000 after purchasing an additional 693 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on C. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered 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 upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a report on Sunday. TD Cowen assumed coverage on Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 target price on the stock. Finally, Royal Bank of Canada dropped 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.97.

Citigroup Stock Performance

NYSE C traded up $0.74 during trading on Tuesday, hitting $76.54. The company's stock had a trading volume of 9,794,940 shares, compared to its average volume of 14,527,456. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The firm has a market cap of $142.96 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The firm has a 50 day moving average price of $68.94 and a 200 day moving average price of $72.55. 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 announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $21.34 billion. Equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is presently 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.