Intrust Bank NA Increases Stock Position in Citigroup Inc. (NYSE:C)

Intrust Bank NA boosted its holdings in Citigroup Inc. (NYSE:C) by 10.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,096 shares of the company’s stock after buying an additional 1,582 shares during the period. Intrust Bank NA’s holdings in Citigroup were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Wealthspire Advisors LLC grew its stake in Citigroup by 69.7% during the first quarter. Wealthspire Advisors LLC now owns 14,507 shares of the company’s stock valued at $1,030,000 after acquiring an additional 5,960 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in Citigroup in the 1st quarter worth approximately $816,000. Ranch Capital Advisors Inc. boosted its holdings in Citigroup by 6.5% in the 1st quarter. Ranch Capital Advisors Inc. now owns 27,806 shares of the company’s stock valued at $1,974,000 after purchasing an additional 1,701 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in shares of Citigroup by 22.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,147 shares of the company’s stock valued at $152,000 after purchasing an additional 394 shares in the last quarter. Finally, Cary Street Partners Financial LLC increased its holdings in shares of Citigroup by 16.5% in the first quarter. Cary Street Partners Financial LLC now owns 30,512 shares of the company’s stock worth $2,166,000 after purchasing an additional 4,311 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Evercore ISI set a $77.00 price objective on Citigroup in a research note on Monday, July 7th. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Wells Fargo & Company raised their target price on shares of Citigroup from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. UBS Group reiterated a “neutral” rating and set a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $96.54.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

Citigroup Price Performance

C opened at $92.24 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $85.40 and its 200 day simple moving average is $77.25. The firm has a market cap of $172.28 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.79 and a beta of 1.38. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $96.90.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter last year, the business earned $1.52 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

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.