Citigroup Inc. (NYSE:C) Shares Acquired by Albert D Mason Inc.

Albert D Mason Inc. grew its stake in Citigroup Inc. (NYSE:C) by 23.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,662 shares of the company’s stock after purchasing an additional 702 shares during the quarter. Albert D Mason Inc.’s holdings in Citigroup were worth $260,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of C. Orion Capital Management LLC purchased a new position in shares of Citigroup in the fourth quarter worth about $28,000. American National Bank & Trust purchased a new position in Citigroup during the first quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup during the fourth quarter worth about $34,000. Creative Capital Management Investments LLC purchased a new position in Citigroup during the fourth quarter worth about $35,000. Finally, Sierra Ocean LLC purchased a new position in Citigroup during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Citigroup Trading Down 0.2%

NYSE C opened at $78.23 on Friday. 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 Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The stock has a market capitalization of $146.11 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The firm has a 50 day moving average of $70.65 and a two-hundred day moving average of $72.96.

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

Citigroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

C has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on shares of Citigroup from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. Cowen initiated coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a “hold” rating on the stock. Piper Sandler reissued an “overweight” rating and issued a $77.00 price target (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Truist Financial reduced 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. Six investment 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 currently has an average rating of “Moderate Buy” and an average 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.