Citigroup Inc. (NYSE:C) Holdings Decreased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV lessened its stake in Citigroup Inc. (NYSE:C) by 6.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,047 shares of the company’s stock after selling 2,356 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Citigroup were worth $2,630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Orion Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter valued at $28,000. American National Bank & Trust bought a new position in Citigroup during the first quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup during the fourth quarter worth about $34,000. Runnymede Capital Advisors Inc. acquired a new position in Citigroup during the fourth quarter worth about $39,000. Finally, Whipplewood Advisors LLC raised its position in Citigroup by 79.2% in the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company’s stock worth $40,000 after acquiring an additional 252 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling at Citigroup

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 transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $82.64 on Thursday. The company has a market capitalization of $154.35 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 0.63 and a beta of 1.33. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The stock’s fifty day simple moving average is $73.68 and its 200-day simple moving average is $73.45.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Monday, May 5th. Citigroup’s payout ratio is presently 35.39%.

Analyst Ratings Changes

C has been the subject of several research reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Cowen started coverage on shares of Citigroup in a research report on Wednesday, May 14th. They issued a “hold” rating on the stock. Morgan Stanley increased their price objective on Citigroup from $90.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday. Finally, TD Cowen began coverage on Citigroup in a research note on Thursday, May 15th. They set a “hold” rating and a $83.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $83.30.

Citigroup Company 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.