Clarius Group LLC Acquires 10,171 Shares of Citigroup Inc. (NYSE:C)

Clarius Group LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 101.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,164 shares of the company’s stock after acquiring an additional 10,171 shares during the period. Clarius Group LLC’s holdings in Citigroup were worth $1,431,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GSB Wealth Management LLC raised its position in shares of Citigroup by 39.5% during the 1st quarter. GSB Wealth Management LLC now owns 4,080 shares of the company’s stock valued at $290,000 after buying an additional 1,155 shares in the last quarter. Marest Capital LLC increased its stake in Citigroup by 9.9% in the first quarter. Marest Capital LLC now owns 8,326 shares of the company’s stock valued at $591,000 after acquiring an additional 753 shares during the last quarter. Global Trust Asset Management LLC increased its stake in Citigroup by 263.2% in the first quarter. Global Trust Asset Management LLC now owns 2,575 shares of the company’s stock valued at $183,000 after acquiring an additional 1,866 shares during the last quarter. Insigneo Advisory Services LLC raised its position in Citigroup by 3.0% during the first quarter. Insigneo Advisory Services LLC now owns 27,933 shares of the company’s stock valued at $1,983,000 after purchasing an additional 824 shares in the last quarter. Finally, Inscription Capital LLC bought a new stake in Citigroup during the first quarter worth about $2,121,000. 71.72% of the stock is currently owned by institutional investors.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

Citigroup Stock Down 0.9%

Shares of NYSE C opened at $77.37 on Wednesday. The firm’s fifty day moving average is $71.66 and its 200 day moving average is $73.13. 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 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The company has a market cap of $144.51 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.60 and a beta of 1.33.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.90%. Citigroup’s dividend payout ratio is presently 35.39%.

Analyst Ratings Changes

Several brokerages have recently commented on C. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Truist Financial cut their target price on Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group increased their price target on shares of Citigroup from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Cowen began coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a “hold” rating for the company. Finally, Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.