798 Shares in Citigroup Inc. (NYSE:C) Purchased by Riverview Trust Co

Riverview Trust Co bought a new position in Citigroup Inc. (NYSE:CFree Report) during the first quarter, Holdings Channel.com reports. The fund bought 798 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Global Assets Advisory LLC bought a new position in Citigroup in the 1st quarter worth about $2,074,000. Lloyd Advisory Services LLC. boosted its stake in shares of Citigroup by 355.9% during the first quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock valued at $1,209,000 after purchasing an additional 14,922 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Citigroup by 20.3% during the first quarter. AdvisorNet Financial Inc now owns 8,037 shares of the company’s stock valued at $508,000 after purchasing an additional 1,357 shares in the last quarter. CHICAGO TRUST Co NA boosted its stake in shares of Citigroup by 27.7% during the first quarter. CHICAGO TRUST Co NA now owns 28,365 shares of the company’s stock valued at $1,794,000 after purchasing an additional 6,154 shares in the last quarter. Finally, Steph & Co. boosted its stake in shares of Citigroup by 16.6% during the first quarter. Steph & Co. now owns 11,293 shares of the company’s stock valued at $714,000 after purchasing an additional 1,606 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 0.3 %

Citigroup stock traded up $0.19 during mid-day trading on Tuesday, reaching $61.53. 4,949,439 shares of the company’s stock were exchanged, compared to its average volume of 15,045,176. The company has a market cap of $117.36 billion, a P/E ratio of 18.18, a P/E/G ratio of 0.91 and a beta of 1.48. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $64.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average of $61.76 and a 200-day moving average of $57.61.

Citigroup (NYSE:CGet Free Report) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same period in the prior year, the business earned $1.86 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 5.89 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio is presently 62.72%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on C. Evercore ISI increased their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Morgan Stanley reissued an “overweight” rating and set a $65.00 target price on shares of Citigroup in a research report on Thursday, June 20th. Piper Sandler increased their target price on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Jefferies Financial Group increased their target price on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.03.

View Our Latest Stock Analysis on Citigroup

Citigroup Profile

(Free Report)

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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