Tounjian Advisory Partners LLC Makes New Investment in Citigroup Inc. (NYSE:C)

Tounjian Advisory Partners LLC bought a new stake in Citigroup Inc. (NYSE:C) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,414 shares of the company’s stock, valued at approximately $2,585,000.

Several other large investors have also modified their holdings of the business. Core Alternative Capital boosted its position in shares of Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Citigroup during the 4th quarter valued at approximately $28,000. American National Bank & Trust acquired a new stake in Citigroup during the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $34,000. Finally, Creative Capital Management Investments LLC acquired a new position in shares of Citigroup in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on C. Evercore ISI dropped their price objective on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group dropped their price target on shares of Citigroup from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Truist Financial lowered their price target on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley reduced their price objective on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, TD Cowen began coverage on shares of Citigroup in a report on Thursday, May 15th. They set a “hold” rating and a $83.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.97.

Citigroup Stock Performance

NYSE:C opened at $78.32 on Monday. The company has a market cap of $146.28 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.64 and a beta of 1.33. The firm’s 50 day moving average is $69.43 and its two-hundred day moving average is $72.78. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

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

Citigroup Profile

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.