17,190 Shares in Citigroup Inc. (NYSE:C) Bought by Generation Capital Management LLC

Generation Capital Management LLC purchased a new position in shares of Citigroup Inc. (NYSE:C) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,190 shares of the company’s stock, valued at approximately $1,220,000. Citigroup accounts for about 1.1% of Generation Capital Management LLC’s holdings, making the stock its 28th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock valued at $84,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC boosted its stake in Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock valued at $459,000 after purchasing an additional 120 shares during the period. Insight Inv LLC boosted its stake in Citigroup by 0.5% during the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company’s stock valued at $1,936,000 after purchasing an additional 146 shares during the period. Trust Co. of Vermont boosted its stake in Citigroup by 14.3% during the 1st quarter. Trust Co. of Vermont now owns 1,196 shares of the company’s stock valued at $85,000 after purchasing an additional 150 shares during the period. Finally, Mystic Asset Management Inc. boosted its stake in Citigroup by 0.5% during the 1st quarter. Mystic Asset Management Inc. now owns 29,100 shares of the company’s stock valued at $2,066,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Down 2.0%

NYSE C opened at $91.84 on Friday. 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 company’s 50 day simple moving average is $84.36 and its 200 day simple moving average is $76.97. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $96.90. The company has a market capitalization of $171.53 billion, a P/E ratio of 13.57, a PEG ratio of 0.79 and a beta of 1.38.

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

Citigroup Increases Dividend

The company also recently declared 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 presently 33.09%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a “hold” rating for the company. Piper Sandler upped their price target on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. UBS Group reaffirmed a “neutral” rating and issued a $89.00 price target on shares of Citigroup in a research note on Tuesday, July 15th. Finally, Bank of America upped their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.54.

Citigroup 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.