Berkshire Asset Management LLC PA increased its holdings in shares of Citigroup Inc (NYSE:C) by 1.3% in the 1st quarter, HoldingsChannel reports. The firm owned 175,241 shares of the financial services provider’s stock after acquiring an additional 2,264 shares during the period. Berkshire Asset Management LLC PA’s holdings in Citigroup were worth $10,903,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Evolution Wealth Advisors LLC purchased a new position in shares of Citigroup in the 4th quarter worth approximately $29,000. Larson Financial Group LLC purchased a new position in shares of Citigroup in the 4th quarter worth approximately $29,000. Signet Investment Advisory Group Inc. purchased a new position in shares of Citigroup in the 4th quarter worth approximately $32,000. Blume Capital Management Inc. lifted its stake in shares of Citigroup by 4,615.4% during the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 600 shares during the last quarter. Finally, Acima Private Wealth LLC bought a new stake in shares of Citigroup during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 71.30% of the company’s stock.

In other news, insider W. Bradford Hu sold 5,420 shares of Citigroup stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.27, for a total value of $348,343.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

A number of brokerages recently issued reports on C. BMO Capital Markets raised their price target on Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Standpoint Research lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Jefferies Financial Group raised Citigroup from a “hold” rating to a “buy” rating and raised their price target for the stock from $64.00 to $73.00 in a research note on Friday, February 22nd. Finally, Macquarie raised Citigroup from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $80.61.

Shares of NYSE C opened at $69.67 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 0.99. The firm has a market cap of $179.06 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.80 and a beta of 1.67. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $75.24.

Citigroup (NYSE:C) last issued its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.09. The business had revenue of $18.58 billion during the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. Citigroup’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. Research analysts expect that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. Citigroup’s dividend payout ratio is presently 27.07%.

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Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Further Reading: How a Put Option Works

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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