Buckley Wealth Management LLC purchased a new position in shares of Citigroup Inc (NYSE:C) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,968 shares of the financial services provider’s stock, valued at approximately $247,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Condor Capital Management raised its stake in shares of Citigroup by 0.5% during the fourth quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock valued at $1,651,000 after acquiring an additional 164 shares during the last quarter. Appleton Partners Inc. MA increased its position in shares of Citigroup by 0.4% during the fourth quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock worth $2,080,000 after buying an additional 175 shares during the period. TCI Wealth Advisors Inc. increased its position in shares of Citigroup by 7.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock worth $146,000 after buying an additional 197 shares during the period. Highstreet Asset Management Inc. increased its position in shares of Citigroup by 1.9% during the fourth quarter. Highstreet Asset Management Inc. now owns 10,700 shares of the financial services provider’s stock worth $557,000 after buying an additional 200 shares during the period. Finally, Canton Hathaway LLC increased its position in shares of Citigroup by 2.0% during the first quarter. Canton Hathaway LLC now owns 10,300 shares of the financial services provider’s stock worth $640,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 71.28% of the company’s stock.
Several equities research analysts have recently weighed in on C shares. BMO Capital Markets upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and set a $58.90 price objective for the company in a research report on Tuesday, January 15th. They noted that the move was a valuation call. Jefferies Financial Group increased their price objective on shares of Citigroup to $64.00 and gave the stock a “hold” rating in a research report on Tuesday, January 15th. Credit Suisse Group reiterated an “outperform” rating and set a $80.00 price objective on shares of Citigroup in a research report on Tuesday, January 15th. Standpoint Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, Zacks Investment Research cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $80.29.
Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same period last year, the company earned $1.68 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. As a group, research analysts anticipate that Citigroup Inc will post 7.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is currently 27.07%.
In other Citigroup news, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total value of $442,680.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Stephen Bird sold 30,000 shares of Citigroup stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $69.33, for a total transaction of $2,079,900.00. The disclosure for this sale can be found here. Insiders have sold 42,420 shares of company stock worth $2,870,923 over the last three months. 0.09% of the stock is owned by insiders.
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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