Regent Peak Wealth Advisors LLC Acquires 241 Shares of Citigroup Inc. (NYSE:C)


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Regent Peak Wealth Advisors LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,242 shares of the company’s stock after acquiring an additional 241 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Citigroup were worth $308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Bank & Trust lifted its position in shares of Citigroup by 279.1% during the 1st quarter. First Bank & Trust now owns 417 shares of the company’s stock valued at $30,000 after acquiring an additional 307 shares during the period. Mcmillion Capital Management Inc. acquired a new position in shares of Citigroup during the 4th quarter valued at $27,000. Charter Oak Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter valued at $28,000. Johnson Midwest Financial LLC acquired a new position in Citigroup during the fourth quarter worth $29,000. Finally, Capstone Triton Financial Group LLC acquired a new position in Citigroup during the fourth quarter worth $29,000. 72.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of C traded up $0.24 during midday trading on Tuesday, hitting $71.95. The stock had a trading volume of 677,838 shares, compared to its average volume of 19,928,186. Citigroup Inc. has a 1 year low of $38.76 and a 1 year high of $76.13. The firm has a market cap of $150.14 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50 day moving average is $72.40 and its 200 day moving average is $61.86.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, April 14th. The company reported $3.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.60 by $1.02. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The business had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.34 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, equities research analysts expect that Citigroup Inc. will post 6.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Monday, May 3rd will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, April 30th. Citigroup’s dividend payout ratio is presently 41.80%.

C has been the subject of several analyst reports. Edward Jones downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a report on Monday, March 29th. Morgan Stanley increased their price target on shares of Citigroup from $81.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, April 19th. JPMorgan Chase & Co. increased their target price on shares of Citigroup from $74.50 to $77.50 and gave the stock a “neutral” rating in a research report on Monday. Jefferies Financial Group increased their target price on shares of Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 15th. Finally, Daiwa Capital Markets initiated coverage on shares of Citigroup in a research note on Wednesday, January 6th. They issued a “buy” rating and a $75.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.59.

About Citigroup

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).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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