Citigroup Inc. (NYSE:C) Shares Purchased by Griffin Asset Management Inc.

Griffin Asset Management Inc. grew its holdings in shares of Citigroup Inc. (NYSE:C) by 76.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,338 shares of the company’s stock after purchasing an additional 13,606 shares during the period. Griffin Asset Management Inc.’s holdings in Citigroup were worth $2,225,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. boosted its stake in Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company’s stock valued at $24,844,000 after buying an additional 11,674 shares in the last quarter. Invesco Ltd. lifted its stake in Citigroup by 13.8% in the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock worth $1,143,633,000 after acquiring an additional 1,970,300 shares in the last quarter. Candriam S.C.A. raised its stake in shares of Citigroup by 12.7% during the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company’s stock worth $14,139,000 after purchasing an additional 22,657 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Finally, Unified Investment Management purchased a new stake in shares of Citigroup during the 4th quarter worth about $658,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 2.5%

NYSE C opened at $76.30 on Friday. The stock has a 50-day simple moving average of $71.01 and a 200 day simple moving average of $73.01. The company has a market capitalization of $142.51 billion, a PE ratio of 12.82, a P/E/G ratio of 0.64 and a beta of 1.33. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. Research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company 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 of this dividend was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.94%. Citigroup’s dividend payout ratio is currently 35.39%.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada decreased their price objective on Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Oppenheimer reaffirmed an “outperform” rating on shares of Citigroup in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.30.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. 0.08% of the stock is owned by insiders.

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.