Daymark Wealth Partners LLC Grows Position in Citigroup Inc. (NYSE:C)

Daymark Wealth Partners LLC raised its position in Citigroup Inc. (NYSE:C) by 268.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,778 shares of the company’s stock after acquiring an additional 7,851 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Citigroup were worth $765,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Lake Street Advisors Group LLC grew its position in shares of Citigroup by 4.1% during the fourth quarter. Lake Street Advisors Group LLC now owns 15,059 shares of the company’s stock worth $1,060,000 after buying an additional 598 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of Citigroup by 2.1% during the fourth quarter. Checchi Capital Advisers LLC now owns 15,391 shares of the company’s stock worth $1,083,000 after buying an additional 318 shares in the last quarter. NewEdge Wealth LLC grew its position in shares of Citigroup by 15.5% during the fourth quarter. NewEdge Wealth LLC now owns 18,119 shares of the company’s stock worth $1,275,000 after buying an additional 2,434 shares in the last quarter. Finally, Nwam LLC grew its position in shares of Citigroup by 11.5% during the fourth quarter. Nwam LLC now owns 6,122 shares of the company’s stock worth $431,000 after buying an additional 629 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Evercore ISI decreased their price target on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Cowen initiated coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a “hold” rating for the company. Truist Financial decreased their price objective on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler reaffirmed 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. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $84.03.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Performance

C stock opened at $84.46 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $157.75 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.80. The stock’s fifty day moving average is $74.10 and its two-hundred day moving average is $73.53.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion for 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%. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Monday, May 5th. Citigroup’s payout ratio is 35.39%.

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.