Pathstone Holdings LLC Has $11.37 Million Stock Position in Citigroup Inc. (NYSE:C)

Pathstone Holdings LLC boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 161,489 shares of the company's stock after buying an additional 11,747 shares during the quarter. Pathstone Holdings LLC's holdings in Citigroup were worth $11,370,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blake Schutter Theil Wealth Advisors LLC raised its position in shares of Citigroup by 1.6% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after acquiring an additional 135 shares during the last quarter. Hemington Wealth Management raised its position in shares of Citigroup by 10.9% during the 4th quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after acquiring an additional 136 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Citigroup by 3.4% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after acquiring an additional 137 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Citigroup by 2.4% during the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after acquiring an additional 139 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Citigroup by 1.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 8,405 shares of the company's stock valued at $592,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on C shares. Oppenheimer upped their price objective on shares of Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. The Goldman Sachs Group lowered their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. TD Cowen started coverage on shares of Citigroup in a research report on Thursday. They issued a "hold" rating and a $83.00 price objective for the company. Finally, StockNews.com cut shares of Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.97.

Citigroup Stock Down 0.4%

C stock traded down $0.30 during trading hours on Friday, reaching $75.66. 13,995,671 shares of the stock were exchanged, compared to its average volume of 14,522,542. The firm's 50-day moving average is $68.12 and its 200-day moving average is $71.98. The company has a market cap of $141.31 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.64 and a beta of 1.30. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74.

Citigroup (NYSE:C - Get Free Report) last released 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. The firm had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed 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. This represents a $2.24 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's payout ratio is 35.39%.

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.