PFG Investments LLC Buys 18,744 Shares of Citigroup Inc. (NYSE:C)

PFG Investments LLC increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 302.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,947 shares of the company's stock after acquiring an additional 18,744 shares during the period. PFG Investments LLC's holdings in Citigroup were worth $1,578,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of C. Orion Capital Management LLC bought a new stake in Citigroup in the fourth quarter valued at approximately $26,000. Frazier Financial Advisors LLC bought a new stake in Citigroup in the fourth quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC raised its stake in Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company's stock valued at $31,000 after buying an additional 569 shares during the period. Carmel Capital Partners LLC bought a new stake in Citigroup in the third quarter valued at approximately $25,000. Finally, Rakuten Securities Inc. bought a new stake in Citigroup in the fourth quarter valued at approximately $35,000. Institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

Shares of C traded up $0.87 during trading hours on Friday, reaching $62.66. The stock had a trading volume of 16,364,096 shares, compared to its average volume of 14,990,358. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The stock has a market capitalization of $120.01 billion, a PE ratio of 18.54, a PEG ratio of 0.93 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The company's 50-day moving average is $59.09 and its two-hundred day moving average is $51.99.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS. Research analysts expect that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. Citigroup's payout ratio is currently 62.72%.

Analyst Ratings Changes

C has been the topic of several research reports. Wolfe Research raised Citigroup from a "peer perform" rating to an "outperform" rating and set a $58.00 target price on the stock in a research report on Wednesday, January 3rd. StockNews.com raised Citigroup from a "sell" rating to a "hold" rating in a research report on Tuesday, March 19th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Citigroup in a research report on Monday, April 1st. Keefe, Bruyette & Woods upped their target price on Citigroup from $54.00 to $66.00 and gave the company a "market perform" rating in a research report on Friday, April 5th. Finally, Piper Sandler upped their target price on Citigroup from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.91.

Citigroup 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.

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