Aspiriant LLC Invests $219,000 in Citigroup Inc. (NYSE:C)

Aspiriant LLC purchased a new stake in Citigroup Inc. (NYSE:C) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,466 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds also recently added to or reduced their stakes in C. Kentucky Retirement Systems grew its stake in Citigroup by 2.6% during the 4th quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after buying an additional 3,808 shares during the last quarter. Simplicity Solutions LLC increased its stake in shares of Citigroup by 17.6% in the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after purchasing an additional 4,150 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Citigroup by 56.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after acquiring an additional 449,310 shares in the last quarter. GFS Advisors LLC bought a new stake in shares of Citigroup during the 4th quarter worth about $2,003,000. Finally, TD Asset Management Inc boosted its stake in Citigroup by 21.8% during the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock valued at $49,776,000 after buying an additional 173,137 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Down 0.5 %

Shares of C stock opened at $61.25 on Thursday. Citigroup Inc. has a one year low of $38.17 and a one year high of $64.98. The stock has a market cap of $116.83 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.48. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day moving average price of $61.91 and a 200 day moving average price of $57.73.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. Analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.46%. Citigroup’s payout ratio is 62.72%.

Analysts Set New Price Targets

Several analysts have issued reports on C shares. HSBC boosted their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Morgan Stanley restated an “overweight” rating and set a $65.00 target price on shares of Citigroup in a report on Thursday, June 20th. Oppenheimer decreased their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.03.

About Citigroup

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.