Foundations Investment Advisors LLC acquired a new position in Citigroup Inc. (NYSE:C – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,039 shares of the company’s stock, valued at approximately $233,000.
Several other hedge funds have also recently made changes to their positions in the business. Connable Office Inc. raised its position in shares of Citigroup by 0.3% in the 4th quarter. Connable Office Inc. now owns 57,976 shares of the company’s stock worth $3,501,000 after acquiring an additional 196 shares in the last quarter. Keudell Morrison Wealth Management raised its position in shares of Citigroup by 3.0% in the 1st quarter. Keudell Morrison Wealth Management now owns 6,838 shares of the company’s stock worth $365,000 after acquiring an additional 199 shares in the last quarter. Family Legacy Inc. increased its position in Citigroup by 3.9% in the 1st quarter. Family Legacy Inc. now owns 5,383 shares of the company’s stock valued at $287,000 after buying an additional 204 shares in the last quarter. Grandview Asset Management LLC increased its position in Citigroup by 3.4% in the 1st quarter. Grandview Asset Management LLC now owns 6,184 shares of the company’s stock valued at $330,000 after buying an additional 204 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in Citigroup by 6.3% in the 1st quarter. Rosenberg Matthew Hamilton now owns 3,572 shares of the company’s stock valued at $191,000 after buying an additional 212 shares in the last quarter. 71.46% of the stock is owned by institutional investors.
Citigroup Trading Down 0.7 %
NYSE:C opened at $48.11 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $93.18 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 0.58 and a beta of 1.60. The firm’s 50 day moving average is $50.65 and its 200 day moving average is $50.99. Citigroup Inc. has a 12 month low of $43.44 and a 12 month high of $73.72.
Citigroup Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Monday, August 1st were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $2.04 annualized dividend and a yield of 4.24%. Citigroup’s dividend payout ratio (DPR) is presently 26.09%.
Insider Buying and Selling
In related news, insider Citigroup Inc sold 4,614,358 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $36.25, for a total value of $167,270,477.50. Following the completion of the transaction, the insider now directly owns 15,318 shares in the company, valued at $555,277.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of brokerages recently commented on C. Odeon Capital Group lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Citigroup from $55.00 to $52.00 and set a “hold” rating for the company in a research report on Monday, September 12th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Citigroup in a research report on Friday, July 8th. Piper Sandler cut their price target on Citigroup from $70.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. Finally, Oppenheimer lifted their price target on Citigroup from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.19.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
- Get a free copy of the StockNews.com research report on Citigroup (C)
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