TrueMark Investments LLC Acquires 7,560 Shares of Citigroup Inc. (NYSE:C)

TrueMark Investments LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 10.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,305 shares of the company’s stock after acquiring an additional 7,560 shares during the quarter. Citigroup comprises 1.5% of TrueMark Investments LLC’s investment portfolio, making the stock its 12th largest position. TrueMark Investments LLC’s holdings in Citigroup were worth $5,559,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of C. Brighton Jones LLC raised 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 buying an additional 12,499 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Citigroup during the 4th quarter valued at about $10,400,000. Concurrent Investment Advisors LLC raised its holdings in shares of Citigroup by 14.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 17,475 shares of the company’s stock valued at $1,230,000 after buying an additional 2,149 shares in the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in shares of Citigroup during the 4th quarter valued at about $278,000. Finally, Navellier & Associates Inc. raised its holdings in shares of Citigroup by 25.7% during the 4th quarter. Navellier & Associates Inc. now owns 15,076 shares of the company’s stock valued at $1,061,000 after buying an additional 3,078 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of a number of research reports. Evercore ISI decreased their price objective on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Oppenheimer reissued an “outperform” rating on shares of Citigroup in a report on Tuesday, May 20th. Cowen initiated coverage on Citigroup in a report on Wednesday, May 14th. They set a “hold” rating on the stock. Truist Financial decreased their price objective on Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.30.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the company’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now directly owns 13,048 shares of the company’s stock, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.08% of the company’s stock.

Citigroup Price Performance

C opened at $78.39 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The stock has a market capitalization of $146.41 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. The stock’s 50 day moving average price is $72.60 and its 200-day moving average price is $73.28.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The firm had revenue of $21.60 billion for the quarter, compared to analysts’ expectations of $21.34 billion. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Citigroup 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.