Citigroup Inc. (NYSE:C) Shares Acquired by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lifted its position in Citigroup Inc. (NYSE:C) by 108.3% in the first quarter, HoldingsChannel reports. The firm owned 10,217 shares of the company’s stock after buying an additional 5,313 shares during the period. Insight Wealth Strategies LLC’s holdings in Citigroup were worth $743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in C. Trust Co. of Vermont grew its holdings in shares of Citigroup by 20.7% in the fourth quarter. Trust Co. of Vermont now owns 7,863 shares of the company’s stock valued at $485,000 after purchasing an additional 1,348 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Citigroup by 7.5% in the fourth quarter. CIBC Asset Management Inc now owns 218,179 shares of the company’s stock valued at $13,453,000 after purchasing an additional 15,283 shares during the period. Winslow Evans & Crocker Inc. grew its holdings in shares of Citigroup by 29.5% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 8,643 shares of the company’s stock valued at $533,000 after purchasing an additional 1,970 shares during the period. Reilly Financial Advisors LLC grew its holdings in shares of Citigroup by 55.2% in the fourth quarter. Reilly Financial Advisors LLC now owns 1,296 shares of the company’s stock valued at $80,000 after purchasing an additional 461 shares during the period. Finally, Almanack Investment Partners LLC. grew its holdings in shares of Citigroup by 11.2% in the fourth quarter. Almanack Investment Partners LLC. now owns 7,941 shares of the company’s stock valued at $490,000 after purchasing an additional 799 shares during the period. 75.58% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:C opened at $76.89 on Friday. The company has a 50 day moving average price of $74.89. The firm has a market capitalization of $158.94 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.38 and a beta of 1.92. Citigroup Inc. has a fifty-two week low of $40.49 and a fifty-two week high of $80.29. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, April 14th. The company reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $1.02. Citigroup had a net margin of 20.27% and a return on equity of 9.55%. The company had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.34 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, research analysts predict that Citigroup Inc. will post 9.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Monday, May 3rd were issued a dividend of $0.51 per share. The ex-dividend date was Friday, April 30th. This represents a $2.04 dividend on an annualized basis and a yield of 2.65%. Citigroup’s payout ratio is currently 41.80%.

A number of equities research analysts recently issued reports on C shares. Wolfe Research lowered shares of Citigroup from an “outperform” rating to a “peer perform” rating and set a $76.00 price objective for the company. in a report on Monday, April 5th. They noted that the move was a valuation call. Jefferies Financial Group increased their target price on shares of Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, April 9th. JPMorgan Chase & Co. increased their target price on shares of Citigroup from $74.50 to $77.50 and gave the stock a “neutral” rating in a research note on Monday, May 3rd. Argus increased their target price on shares of Citigroup from $74.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, April 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Citigroup from $58.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, March 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $76.70.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in 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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