Relyea Zuckerberg Hanson LLC Grows Stake in Citigroup Inc. (NYSE:C)

Relyea Zuckerberg Hanson LLC grew its holdings in Citigroup Inc. (NYSE:C) by 3.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,791 shares of the company’s stock after buying an additional 176 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Citigroup were worth $411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $28,000. American National Bank & Trust purchased a new position in shares of Citigroup in the 1st quarter valued at approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $34,000. Creative Capital Management Investments LLC purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $35,000. Finally, Sierra Ocean LLC purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was 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 owns 13,048 shares of the company’s stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Stock Down 2.5%

Citigroup stock opened at $76.30 on Friday. The firm has a market cap of $142.51 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.64 and a beta of 1.33. The stock has a fifty day simple moving average of $71.01 and a two-hundred day simple moving average of $73.01. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. 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 (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, May 5th. Citigroup’s payout ratio is currently 35.39%.

Analyst Ratings Changes

A number of research firms have recently commented on C. Morgan Stanley lowered their target price on Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. TD Cowen began coverage on Citigroup in a research report on Thursday, May 15th. They set a “hold” rating and a $83.00 price objective for the company. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Cowen began coverage on Citigroup in a research report on Wednesday, May 14th. They set a “hold” rating for the company. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Citigroup in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.30.

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.