Citigroup Inc. (NYSE:C) Stake Increased by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC grew its holdings in Citigroup Inc. (NYSE:C) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,237 shares of the company’s stock after purchasing an additional 311 shares during the period. Jeppson Wealth Management LLC’s holdings in Citigroup were worth $443,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company’s stock valued at $24,844,000 after purchasing an additional 11,674 shares in the last quarter. Invesco Ltd. increased its position in Citigroup by 13.8% during the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock worth $1,143,633,000 after buying an additional 1,970,300 shares during the last quarter. Candriam S.C.A. increased its position in Citigroup by 12.7% during the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company’s stock worth $14,139,000 after buying an additional 22,657 shares during the last quarter. Brighton Jones LLC boosted its stake in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the period. Finally, Unified Investment Management acquired a new stake in Citigroup during the fourth quarter worth about $658,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $84.41 on Friday. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.79. The firm has a 50 day moving average of $74.53 and a 200-day moving average of $73.62. 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 market capitalization of $157.66 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33.

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. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The company had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS 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 $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.65%. The ex-dividend date was Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were 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. The trade was a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Truist Financial decreased their target price on Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen downgraded Citigroup from a “hold” rating to a “sell” rating in a research report on Friday. Morgan Stanley lifted their target price on Citigroup from $90.00 to $94.00 and gave the stock an “overweight” rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. decreased their target price on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.03.

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.