Citigroup Inc. (NYSE:C) Stake Raised by Brighton Jones LLC

Brighton Jones LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,972 shares of the company’s stock after purchasing an additional 982 shares during the period. Brighton Jones LLC’s holdings in Citigroup were worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in C. Union Bancaire Privee UBP SA acquired a new stake in Citigroup during the 4th quarter worth about $10,400,000. Banque Pictet & Cie SA raised its holdings in shares of Citigroup by 27.4% during the fourth quarter. Banque Pictet & Cie SA now owns 7,947 shares of the company’s stock valued at $559,000 after acquiring an additional 1,707 shares during the period. Principal Securities Inc. lifted its position in shares of Citigroup by 12.5% in the 4th quarter. Principal Securities Inc. now owns 44,681 shares of the company’s stock valued at $3,145,000 after acquiring an additional 4,951 shares in the last quarter. Allworth Financial LP boosted its stake in Citigroup by 28.3% in the 4th quarter. Allworth Financial LP now owns 43,373 shares of the company’s stock worth $3,053,000 after purchasing an additional 9,573 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in Citigroup during the 4th quarter worth approximately $2,954,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

C stock opened at $76.30 on Monday. The firm has a 50 day moving average of $71.01 and a two-hundred day moving average of $73.05. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The company has a market capitalization of $142.51 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.64 and a beta of 1.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last issued its quarterly earnings data 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. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. As a group, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Monday, May 5th. Citigroup’s payout ratio is 35.39%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank of Canada reduced their target price on Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased 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. Oppenheimer reaffirmed an “outperform” rating on shares of Citigroup in a research note on Tuesday, May 20th. Finally, Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.30.

Insider Buying and Selling

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

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.