Stonegate Investment Group LLC Buys 236 Shares of Citigroup Inc. (NYSE:C)

Stonegate Investment Group LLC increased its stake in shares of Citigroup Inc. (NYSE:C) by 1.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,358 shares of the company’s stock after acquiring an additional 236 shares during the period. Stonegate Investment Group LLC’s holdings in Citigroup were worth $877,000 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 during the fourth quarter worth about $28,000. American National Bank & Trust acquired a new position in Citigroup during the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup during the fourth quarter worth approximately $34,000. Runnymede Capital Advisors Inc. acquired a new position in Citigroup during the fourth quarter worth approximately $39,000. Finally, Whipplewood Advisors LLC increased its position in Citigroup by 79.2% during the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company’s stock worth $40,000 after buying an additional 252 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.1%

Shares of NYSE:C opened at $78.39 on Friday. The company has a market capitalization of $146.41 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.60 and a beta of 1.33. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day simple moving average is $72.60 and its 200 day simple moving average is $73.27.

Citigroup (NYSE:C) last issued its quarterly 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 business had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. On average, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s dividend payout ratio is currently 35.39%.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on C shares. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Evercore ISI lowered their price target on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Oppenheimer reissued an “outperform” rating on shares of Citigroup in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Bank of America lowered their price target on Citigroup from $90.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.30.

About Citigroup

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.