Citigroup Inc. (NYSE:C) Shares Purchased by TTP Investments Inc.

TTP Investments Inc. increased its holdings in shares of Citigroup Inc. (NYSE:C) by 4.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,492 shares of the company’s stock after acquiring an additional 277 shares during the period. Citigroup makes up about 0.2% of TTP Investments Inc.’s portfolio, making the stock its 28th largest holding. TTP Investments Inc.’s holdings in Citigroup were worth $461,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in Citigroup during the 4th quarter worth approximately $28,000. American National Bank & Trust acquired a new position in Citigroup in the 1st quarter valued at $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup in the 4th quarter valued at $34,000. Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the 4th quarter worth approximately $39,000. Finally, Whipplewood Advisors LLC lifted its stake in Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company’s stock worth $40,000 after purchasing an additional 252 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Up 1.2%

Citigroup stock opened at $78.28 on Thursday. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $71.94 and a 200 day moving average price of $73.16. The company has a market capitalization of $146.20 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.86%. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on C shares. Piper Sandler reissued an “overweight” rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. The Goldman Sachs Group raised their target price on shares of Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Bank of America decreased their target price on shares of Citigroup from $90.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Finally, Royal Bank Of Canada reduced their price target on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.30.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the company’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director now owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. This represents a 25.29% 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 insiders.

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.