Nokomis Capital L.L.C. Purchases New Shares in Citigroup Inc. (NYSE:C)

Nokomis Capital L.L.C. bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 63,991 shares of the company's stock, valued at approximately $4,504,000. Citigroup comprises about 1.6% of Nokomis Capital L.L.C.'s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds also recently bought and sold shares of C. Core Alternative Capital boosted its stake in shares of Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup during the 4th quarter worth about $35,000. Webster Bank N. A. boosted its stake in shares of Citigroup by 150.0% during the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after acquiring an additional 300 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Citigroup during the 4th quarter worth about $37,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup during the 4th quarter worth about $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on C shares. Royal Bank of Canada decreased their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Oppenheimer increased their target price on Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Evercore ISI decreased their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Finally, Bank of America decreased their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Five equities research 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.97.

Citigroup Stock Performance

Shares of C stock traded down $0.30 during mid-day trading on Friday, reaching $75.66. The stock had a trading volume of 13,995,671 shares, compared to its average volume of 14,498,126. The firm's 50 day simple moving average is $68.12 and its 200 day simple moving average is $71.87. 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 Inc. has a one year low of $53.51 and a one year high of $84.74. The firm has a market cap of $141.31 billion, a PE ratio of 12.72, a P/E/G ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C - Get Free Report) last issued 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 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. On average, analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.96%. 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.