Citigroup Inc (NYSE:C) Shares Bought by Sageworth Trust Co

Sageworth Trust Co raised its holdings in Citigroup Inc (NYSE:C) by 22,737.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,827 shares of the financial services provider’s stock after purchasing an additional 1,819 shares during the quarter. Sageworth Trust Co’s holdings in Citigroup were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Advisors LLC purchased a new stake in shares of Citigroup during the 4th quarter worth approximately $29,000. Larson Financial Group LLC purchased a new stake in Citigroup in the 4th quarter valued at approximately $29,000. Blume Capital Management Inc. lifted its stake in Citigroup by 4,615.4% in the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after buying an additional 600 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Citigroup by 49.5% in the 1st quarter. Sound Income Strategies LLC now owns 619 shares of the financial services provider’s stock valued at $38,000 after buying an additional 205 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. purchased a new stake in Citigroup in the 4th quarter valued at approximately $32,000. 71.34% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on C shares. Wells Fargo & Co lowered Citigroup to a “buy” rating in a research note on Friday, January 4th. Macquarie raised Citigroup from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. Morgan Stanley reduced their target price on Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Zacks Investment Research raised Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, BMO Capital Markets upgraded Citigroup from a “market perform” rating to an “outperform” rating and set a $58.90 price target for the company in a report on Tuesday, January 15th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $80.29.

C traded up $0.76 during trading on Friday, hitting $70.67. The company’s stock had a trading volume of 11,485,649 shares, compared to its average volume of 16,223,128. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.99 and a current ratio of 1.01. The company has a market capitalization of $181.63 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.71. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $75.24.

Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.09. The company had revenue of $18.58 billion during the quarter, compared to the consensus estimate of $18.56 billion. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. Citigroup’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. As a group, equities research analysts forecast that Citigroup Inc will post 7.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.55%. Citigroup’s payout ratio is 27.07%.

In other news, CEO Stephen Bird sold 30,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $69.33, for a total transaction of $2,079,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Whitaker sold 7,000 shares of the company’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,420 shares of company stock valued at $2,870,923. Insiders own 0.09% of the company’s stock.

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Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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