Suntrust Banks Inc. boosted its stake in Citigroup Inc. (NYSE:C) by 9.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 262,203 shares of the financial services provider’s stock after buying an additional 22,122 shares during the period. Suntrust Banks Inc.’s holdings in Citigroup were worth $15,683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in Citigroup during the first quarter valued at $877,000. Advisor Partners LLC boosted its stake in Citigroup by 10.6% in the first quarter. Advisor Partners LLC now owns 48,936 shares of the financial services provider’s stock valued at $2,927,000 after buying an additional 4,685 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in Citigroup by 0.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 552,604 shares of the financial services provider’s stock valued at $32,841,000 after buying an additional 2,217 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in Citigroup by 7.5% in the first quarter. Diamond Hill Capital Management Inc. now owns 9,680,474 shares of the financial services provider’s stock valued at $579,086,000 after buying an additional 672,933 shares during the period. Finally, Honkamp Krueger Financial Services Inc. boosted its stake in Citigroup by 6.9% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,386 shares of the financial services provider’s stock valued at $262,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 74.39% of the company’s stock.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Citigroup Inc. (NYSE:C) opened at 63.89 on Friday. Citigroup Inc. has a 12 month low of $38.31 and a 12 month high of $65.40. The firm has a 50-day moving average price of $61.54 and a 200-day moving average price of $59.75. The stock has a market cap of $175.91 billion, a price-to-earnings ratio of 12.88 and a beta of 1.48.

Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.75 billion. Citigroup had a return on equity of 7.38% and a net margin of 18.55%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. Equities research analysts expect that Citigroup Inc. will post $5.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, April 27th. Citigroup’s dividend payout ratio is presently 12.88%.

ILLEGAL ACTIVITY WARNING: “Citigroup Inc. (C) Shares Bought by Suntrust Banks Inc.” was reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.watchlistnews.com/citigroup-inc-c-shares-bought-by-suntrust-banks-inc/1371928.html.

Several analysts recently weighed in on C shares. Vetr upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.38 price target on the stock in a report on Tuesday, March 21st. Nomura reiterated a “buy” rating and issued a $69.00 price target on shares of Citigroup in a report on Monday, April 17th. Keefe, Bruyette & Woods upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $53.00 to $69.00 in a report on Wednesday, April 5th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $78.00 price target (up previously from $77.00) on shares of Citigroup in a report on Thursday, May 4th. Finally, Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Monday, March 27th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Citigroup presently has a consensus rating of “Buy” and an average target price of $64.65.

About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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).

Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.