HBK Sorce Advisory LLC Raises Holdings in Citigroup Inc. (NYSE:C)

HBK Sorce Advisory LLC boosted its stake in Citigroup Inc. (NYSE:C) by 19.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,086 shares of the company’s stock after buying an additional 2,283 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Citigroup were worth $1,000,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of C. Orion Capital Management LLC acquired a new position in shares of Citigroup in the fourth quarter worth $28,000. American National Bank & Trust purchased a new stake in Citigroup during the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup in the 4th quarter valued at about $34,000. Runnymede Capital Advisors Inc. acquired a new position in Citigroup in the 4th quarter valued at about $39,000. Finally, Whipplewood Advisors LLC lifted its holdings in Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company’s stock valued at $40,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now directly owns 13,048 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

Citigroup Price Performance

C stock opened at $82.64 on Thursday. The company has a market cap of $154.35 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 0.63 and a beta of 1.33. 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 has a 50-day moving average price of $73.68 and a two-hundred day moving average price of $73.45. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74.

Citigroup (NYSE:C) last issued its 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. The business had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. As a group, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on C. Royal Bank Of Canada lowered their price target on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Evercore ISI lowered their target price on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. TD Cowen started coverage on Citigroup in a research note on Thursday, May 15th. They set a “hold” rating and a $83.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Tuesday. 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.com, Citigroup has an average rating of “Moderate Buy” and an average target price 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.