Anderson Hoagland & Co. boosted its holdings in shares of Citigroup Inc. (NYSE:C – Get Rating) by 22.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,173 shares of the company’s stock after purchasing an additional 17,649 shares during the period. Anderson Hoagland & Co.’s holdings in Citigroup were worth $4,510,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quent Capital LLC boosted its position in Citigroup by 8.6% in the 1st quarter. Quent Capital LLC now owns 5,939 shares of the company’s stock valued at $278,000 after buying an additional 470 shares during the last quarter. Savior LLC boosted its position in Citigroup by 1.4% in the 1st quarter. Savior LLC now owns 30,742 shares of the company’s stock valued at $1,441,000 after buying an additional 425 shares during the last quarter. Empowered Funds LLC boosted its position in Citigroup by 37.2% in the 1st quarter. Empowered Funds LLC now owns 34,231 shares of the company’s stock valued at $1,605,000 after buying an additional 9,275 shares during the last quarter. Empirical Finance LLC boosted its position in Citigroup by 4.3% in the 1st quarter. Empirical Finance LLC now owns 56,102 shares of the company’s stock valued at $2,631,000 after buying an additional 2,329 shares during the last quarter. Finally, InTrack Investment Management Inc boosted its position in Citigroup by 6.0% in the 1st quarter. InTrack Investment Management Inc now owns 27,417 shares of the company’s stock valued at $1,264,000 after buying an additional 1,556 shares during the last quarter. 70.90% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Zdenek Turek sold 12,000 shares of Citigroup stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $49.87, for a total transaction of $598,440.00. Following the completion of the transaction, the insider now owns 155,979 shares in the company, valued at $7,778,672.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.
Citigroup Price Performance
NYSE:C opened at $48.19 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day simple moving average is $46.90 and its 200 day simple moving average is $47.58. The company has a market cap of $93.81 billion, a P/E ratio of 6.72, a P/E/G ratio of 1.81 and a beta of 1.57. Citigroup Inc. has a 52-week low of $40.01 and a 52-week high of $54.56.
Citigroup (NYSE:C – Get Rating) last released its earnings results on Friday, April 14th. The company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.53. The business had revenue of $21.40 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 7.84% and a net margin of 12.96%. Citigroup’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.02 earnings per share. As a group, sell-side analysts forecast that Citigroup Inc. will post 5.95 EPS for the current fiscal year.
Citigroup Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 1st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Friday, April 28th. Citigroup’s dividend payout ratio is currently 28.45%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on C. Wells Fargo & Company increased their price objective on Citigroup from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. BMO Capital Markets raised their price target on Citigroup from $56.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday, April 17th. TheStreet upgraded Citigroup from a “c+” rating to a “b-” rating in a research report on Monday, March 6th. Credit Suisse Group reduced their price target on Citigroup from $54.00 to $50.00 in a research report on Wednesday, May 24th. Finally, Bank of America raised their price target on Citigroup from $58.00 to $60.00 in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.79.
Citigroup Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.
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