B. Riley Wealth Advisors Inc. Boosts Stock Holdings in Citigroup Inc. (NYSE:C)

B. Riley Wealth Advisors Inc. boosted its stake in shares of Citigroup Inc. (NYSE:C – Get Rating) by 50.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 68,598 shares of the company’s stock after buying an additional 22,895 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Citigroup were worth $2,860,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Citigroup by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 165,678,243 shares of the company’s stock worth $6,903,812,000 after buying an additional 1,316,516 shares in the last quarter. Snider Financial Group grew its stake in shares of Citigroup by 96,645.9% in the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after buying an additional 84,407,589 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Citigroup by 3.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,565,095 shares of the company’s stock worth $761,829,000 after buying an additional 526,282 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Citigroup by 9.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 15,631,074 shares of the company’s stock worth $718,873,000 after buying an additional 1,389,718 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Citigroup by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 15,342,406 shares of the company’s stock worth $705,598,000 after buying an additional 553,863 shares in the last quarter. 70.90% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Up 1.8 %

Shares of C opened at $45.62 on Friday. Citigroup Inc. has a 1-year low of $40.01 and a 1-year high of $58.25. The company has a 50-day moving average of $50.24 and a 200 day moving average of $47.44. The firm has a market capitalization of $88.67 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 1.51 and a beta of 1.59. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.94 and a quick ratio of 0.94.

Citigroup (NYSE:C – Get Rating) last posted its quarterly earnings results on Friday, January 13th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.08). Citigroup had a net margin of 14.73% and a return on equity of 8.14%. The business had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.91 billion. On average, research analysts expect that Citigroup Inc. will post 5.94 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Monday, February 6th were issued a $0.51 dividend. The ex-dividend date was Friday, February 3rd. This represents a $2.04 annualized dividend and a dividend yield of 4.47%. Citigroup’s dividend payout ratio is currently 29.14%.

Insider Activity

In other news, CEO Titilope Cole sold 11,903 shares of the business’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $51.10, for a total value of $608,243.30. Following the completion of the sale, the chief executive officer now owns 65,764 shares in the company, valued at approximately $3,360,540.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Titilope Cole sold 11,903 shares of Citigroup stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $51.10, for a total value of $608,243.30. Following the transaction, the chief executive officer now owns 65,764 shares of the company’s stock, valued at approximately $3,360,540.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Whitaker sold 12,500 shares of Citigroup stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $51.63, for a total transaction of $645,375.00. Following the completion of the transaction, the insider now directly owns 239,429 shares in the company, valued at approximately $12,361,719.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,353 shares of company stock worth $1,403,390. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

C has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of Citigroup from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Citigroup from $52.00 to $46.00 in a research note on Friday, January 6th. Piper Sandler lifted their price target on shares of Citigroup from $47.00 to $51.00 in a research note on Tuesday, January 17th. Bank of America lifted their price target on shares of Citigroup from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 16th. Finally, Morgan Stanley dropped their price target on shares of Citigroup from $45.00 to $41.00 and set an “underweight” rating for the company in a research note on Friday, January 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.47.

About Citigroup

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.