Truvestments Capital LLC Invests $53,000 in Citigroup Inc (NYSE:C) Stock

Truvestments Capital LLC acquired a new stake in shares of Citigroup Inc (NYSE:C) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 856 shares of the financial services provider’s stock, valued at approximately $53,000.

A number of other hedge funds also recently modified their holdings of the stock. Evolution Wealth Advisors LLC acquired a new stake in Citigroup in the fourth quarter worth about $29,000. Larson Financial Group LLC acquired a new stake in Citigroup in the fourth quarter worth about $29,000. Signet Investment Advisory Group Inc. acquired a new stake in Citigroup in the fourth quarter worth about $32,000. Blume Capital Management Inc. boosted its holdings in Citigroup by 4,615.4% in the fourth quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 600 shares in the last quarter. Finally, Acima Private Wealth LLC acquired a new stake in Citigroup in the fourth quarter worth about $33,000. 71.28% of the stock is currently owned by institutional investors.

Shares of C stock opened at $67.90 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $173.81 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.73 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 announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.09. The company had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.68 earnings per share. As a group, equities analysts predict that Citigroup Inc will post 7.6 earnings per share for the current year.

The business 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 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 27.07%.

In other Citigroup news, CEO Stephen Bird sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $69.33, for a total value of $2,079,900.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were 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 quarter, insiders have sold 42,420 shares of company stock valued at $2,870,923. 0.09% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. HSBC set a $76.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Co set a $90.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, UBS Group raised their price objective on Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $80.29.

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Citigroup 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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