Toroso Investments LLC Buys 14,667 Shares of Citigroup Inc. (NYSE:C)

Toroso Investments LLC grew its stake in shares of Citigroup Inc. (NYSE:CGet Rating) by 41.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 49,811 shares of the company’s stock after acquiring an additional 14,667 shares during the quarter. Toroso Investments LLC’s holdings in Citigroup were worth $2,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Connable Office Inc. lifted its holdings in shares of Citigroup by 0.3% during the 4th quarter. Connable Office Inc. now owns 57,976 shares of the company’s stock valued at $3,501,000 after purchasing an additional 196 shares in the last quarter. Keudell Morrison Wealth Management lifted its holdings in shares of Citigroup by 3.0% during the 1st quarter. Keudell Morrison Wealth Management now owns 6,838 shares of the company’s stock valued at $365,000 after purchasing an additional 199 shares in the last quarter. Family Legacy Inc. lifted its holdings in shares of Citigroup by 3.9% during the 1st quarter. Family Legacy Inc. now owns 5,383 shares of the company’s stock valued at $287,000 after purchasing an additional 204 shares in the last quarter. Grandview Asset Management LLC lifted its holdings in shares of Citigroup by 3.4% during the 1st quarter. Grandview Asset Management LLC now owns 6,184 shares of the company’s stock valued at $330,000 after purchasing an additional 204 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Citigroup by 6.3% during the 1st quarter. Rosenberg Matthew Hamilton now owns 3,572 shares of the company’s stock valued at $191,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 71.46% of the company’s stock.

Citigroup Stock Performance

C opened at $48.44 on Friday. The business has a fifty day simple moving average of $50.63 and a 200 day simple moving average of $51.17. The company has a market capitalization of $93.81 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 0.59 and a beta of 1.60. Citigroup Inc. has a 1 year low of $43.44 and a 1 year high of $73.72. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.93.

Citigroup (NYSE:CGet Rating) last released its quarterly earnings results on Friday, July 15th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.63. The business had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 EPS. Research analysts expect that Citigroup Inc. will post 7.37 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Monday, August 1st were given a dividend of $0.51 per share. The ex-dividend date was Friday, July 29th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.21%. Citigroup’s payout ratio is 26.09%.

Insider Activity

In other news, insider Citigroup Inc sold 4,614,358 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $36.25, for a total transaction of $167,270,477.50. Following the completion of the sale, the insider now directly owns 15,318 shares in the company, valued at approximately $555,277.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of several research reports. Jefferies Financial Group cut their target price on Citigroup from $54.00 to $48.00 in a research note on Monday, July 11th. Seaport Res Ptn restated a “buy” rating on shares of Citigroup in a research note on Friday, July 8th. Piper Sandler cut their target price on Citigroup from $70.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Credit Suisse Group cut their target price on Citigroup from $56.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Citigroup from $55.00 to $52.00 and set a “hold” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.19.

Citigroup Company Profile

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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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