Activest Wealth Management Purchases 350 Shares of Citigroup Inc. (NYSE:C)

Activest Wealth Management boosted its position in shares of Citigroup Inc. (NYSE:CGet Rating) by 79.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 792 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Activest Wealth Management’s holdings in Citigroup were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Snider Financial Group grew its position in shares of Citigroup by 96,645.9% during the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after buying an additional 84,407,589 shares during the period. Norges Bank acquired a new position in shares of Citigroup during the 4th quarter worth about $889,483,000. BlackRock Inc. grew its position in shares of Citigroup by 2.9% during the 1st quarter. BlackRock Inc. now owns 164,865,664 shares of the company’s stock worth $8,803,824,000 after buying an additional 4,702,380 shares during the period. Vanguard Group Inc. grew its position in shares of Citigroup by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 168,683,301 shares of the company’s stock worth $9,007,688,000 after buying an additional 3,697,137 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Citigroup by 131.1% during the 1st quarter. SG Americas Securities LLC now owns 584,802 shares of the company’s stock worth $31,228,000 after buying an additional 2,463,245 shares during the period. 71.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on C shares. Evercore ISI set a $54.00 price objective on Citigroup in a research report on Tuesday, July 19th. TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, June 21st. Odeon Capital Group lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Piper Sandler reduced their price target on Citigroup from $70.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. Finally, Wells Fargo & Company reduced their price target on Citigroup from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.19.

Citigroup Price Performance

NYSE:C traded down $2.25 during trading hours on Friday, reaching $43.33. 1,015,507 shares of the company were exchanged, compared to its average volume of 16,337,845. The business has a 50 day moving average of $50.76 and a 200 day moving average of $50.80. Citigroup Inc. has a 1-year low of $43.44 and a 1-year high of $73.72. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $83.92 billion, a P/E ratio of 5.58, a P/E/G ratio of 0.56 and a beta of 1.60.

Citigroup (NYSE:CGet Rating) last released its earnings results on Friday, July 15th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.63. The firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.84 EPS. Research analysts forecast that Citigroup Inc. will post 7.37 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Monday, August 1st were given a dividend of $0.51 per share. The ex-dividend date was Friday, July 29th. This represents a $2.04 annualized dividend and a dividend yield of 4.71%. Citigroup’s dividend payout ratio is currently 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 stock was sold at an average price of $36.25, for a total transaction of $167,270,477.50. Following the completion of the sale, the insider now directly owns 15,318 shares in the company, valued at approximately $555,277.50. The sale was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by corporate insiders.

Citigroup Company Profile

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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).

See Also

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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