Hedeker Wealth LLC lifted its position in shares of Citigroup Inc. (NYSE:C – Get Rating) by 2.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,575 shares of the company’s stock after purchasing an additional 2,394 shares during the quarter. Citigroup accounts for 1.8% of Hedeker Wealth LLC’s investment portfolio, making the stock its 16th largest holding. Hedeker Wealth LLC’s holdings in Citigroup were worth $4,997,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Newbridge Financial Services Group Inc. increased its holdings in Citigroup by 6.9% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 3,686 shares of the company’s stock worth $173,000 after purchasing an additional 239 shares in the last quarter. Parkside Investments LLC boosted its position in shares of Citigroup by 10.7% during the first quarter. Parkside Investments LLC now owns 109,632 shares of the company’s stock valued at $5,141,000 after buying an additional 10,640 shares during the last quarter. Steph & Co. boosted its position in shares of Citigroup by 28.2% during the first quarter. Steph & Co. now owns 10,349 shares of the company’s stock valued at $485,000 after buying an additional 2,278 shares during the last quarter. Allied Investment Advisors LLC bought a new stake in Citigroup during the first quarter worth $205,000. Finally, Xponance Inc. lifted its stake in Citigroup by 2.6% during the 1st quarter. Xponance Inc. now owns 259,438 shares of the company’s stock valued at $12,165,000 after acquiring an additional 6,672 shares in the last quarter. Institutional investors and hedge funds own 69.39% of the company’s stock.
Citigroup Stock Performance
Shares of NYSE C traded up $0.05 during mid-day trading on Tuesday, hitting $46.29. The company had a trading volume of 2,354,591 shares, compared to its average volume of 17,691,348. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.48. Citigroup Inc. has a 1 year low of $40.01 and a 1 year high of $54.56. The company has a market capitalization of $90.12 billion, a price-to-earnings ratio of 6.45, a P/E/G ratio of 1.74 and a beta of 1.57. The stock’s 50-day moving average price is $46.80 and its 200-day moving average price is $47.63.
Citigroup (NYSE:C – Get Rating) last issued its earnings results on Friday, April 14th. The company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.66 by $0.53. Citigroup had a return on equity of 7.84% and a net margin of 12.96%. The business had revenue of $21.40 billion during the quarter, compared to the consensus estimate of $20.07 billion. During the same quarter last year, the company earned $2.02 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts forecast that Citigroup Inc. will post 5.95 earnings per share for the current year.
Citigroup Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 1st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Friday, April 28th. Citigroup’s dividend payout ratio (DPR) is presently 28.45%.
Insiders Place Their Bets
In related news, insider Zdenek Turek sold 12,000 shares of the business’s 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 directly owns 155,979 shares in the company, valued at $7,778,672.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on C. Bank of America increased their price objective on shares of Citigroup from $58.00 to $60.00 in a research note on Monday, June 5th. Credit Suisse Group decreased their price target on Citigroup from $54.00 to $50.00 in a research report on Wednesday, May 24th. Keefe, Bruyette & Woods decreased their target price on Citigroup from $50.00 to $48.00 in a research report on Thursday, May 25th. Royal Bank of Canada cut their price target on shares of Citigroup from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. Finally, StockNews.com initiated coverage on shares of Citigroup in a report on Thursday, May 18th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.79.
Citigroup Company 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.
See Also
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Get Rating).
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