Citigroup Inc. (NYSE:C) Shares Acquired by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lifted its position in shares of Citigroup Inc. (NYSE:C) by 1.1% during the first quarter, Holdings Channel.com reports. The firm owned 29,367 shares of the company’s stock after acquiring an additional 315 shares during the period. CHICAGO TRUST Co NA’s holdings in Citigroup were worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Core Alternative Capital grew its stake in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock valued at $26,000 after acquiring an additional 171 shares during the period. Orion Capital Management LLC acquired a new stake in Citigroup in the 4th quarter valued at $28,000. American National Bank & Trust acquired a new stake in Citigroup in the 1st quarter valued at $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup in the 4th quarter valued at $34,000. Finally, Creative Capital Management Investments LLC acquired a new stake in Citigroup in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on C shares. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Piper Sandler restated an “overweight” rating and issued a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. TD Cowen began coverage on Citigroup in a report on Thursday, May 15th. They issued a “hold” rating and a $83.00 price objective on the stock. Oppenheimer restated an “outperform” rating on shares of Citigroup in a report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $83.97.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business’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 sale, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Citigroup Stock Up 2.2%

NYSE C opened at $78.32 on Monday. Citigroup Inc. has a 52 week low of $53.51 and a 52 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. The business’s fifty day simple moving average is $69.43 and its 200-day simple moving average is $72.78. The firm has a market cap of $146.28 billion, a PE ratio of 13.16, a P/E/G ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $21.34 billion. As a group, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued 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%.

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.