Dearborn Partners LLC Has $603,000 Stock Position in Citigroup Inc. (NYSE:C)

Dearborn Partners LLC raised its holdings in Citigroup Inc. (NYSE:C) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,500 shares of the company’s stock after purchasing an additional 385 shares during the quarter. Dearborn Partners LLC’s holdings in Citigroup were worth $603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of C. Invesco Ltd. boosted its position in Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock valued at $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Citigroup by 109.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock valued at $88,458,000 after acquiring an additional 649,807 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in Citigroup during the 1st quarter worth $214,000. Finally, Pinnacle Financial Partners Inc increased its holdings in Citigroup by 495.1% in the 1st quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock worth $1,317,000 after purchasing an additional 15,436 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Barclays lifted their target price on shares of Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price target on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Finally, UBS Group reissued a “neutral” rating and issued a $89.00 price objective on shares of Citigroup in a research note on Tuesday, July 15th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $96.54.

Citigroup Price Performance

Shares of NYSE C opened at $95.89 on Thursday. The firm has a market capitalization of $179.10 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.81 and a beta of 1.34. The firm’s 50-day moving average price is $83.58 and its 200-day moving average price is $76.72. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $96.90.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, August 4th. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s payout ratio is 33.09%.

Citigroup Company 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.