Citigroup Inc. (C) Stake Maintained by Relative Value Partners Group LLC

Relative Value Partners Group LLC continued to hold its position in Citigroup Inc. (NYSE:C) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,003 shares of the financial services provider’s stock at the end of the first quarter. Relative Value Partners Group LLC’s holdings in Citigroup were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in C. Endurance Wealth Management Inc. raised its position in shares of Citigroup by 0.3% in the first quarter. Endurance Wealth Management Inc. now owns 9,837 shares of the financial services provider’s stock valued at $588,000 after buying an additional 25 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Citigroup by 0.8% in the first quarter. Clear Harbor Asset Management LLC now owns 4,991 shares of the financial services provider’s stock valued at $299,000 after buying an additional 38 shares in the last quarter. Norway Savings Bank raised its position in shares of Citigroup by 0.3% in the first quarter. Norway Savings Bank now owns 13,675 shares of the financial services provider’s stock valued at $818,000 after buying an additional 45 shares in the last quarter. Arrow Financial Corp raised its position in shares of Citigroup by 4.7% in the first quarter. Arrow Financial Corp now owns 1,896 shares of the financial services provider’s stock valued at $113,000 after buying an additional 85 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Citigroup by 2.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,425 shares of the financial services provider’s stock valued at $265,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Shares of Citigroup Inc. (NYSE C) opened at 66.58 on Friday. The stock has a market capitalization of $181.40 billion, a PE ratio of 13.33 and a beta of 1.48. Citigroup Inc. has a 52 week low of $45.16 and a 52 week high of $69.86. The company’s 50 day moving average is $67.60 and its 200-day moving average is $62.27.

Citigroup (NYSE:C) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $17.90 billion during the quarter, compared to analyst estimates of $17.38 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. On average, equities analysts predict that Citigroup Inc. will post $5.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.92%. This is a positive change from Citigroup’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, August 3rd. Citigroup’s payout ratio is 25.55%.

Citigroup declared that its board has authorized a share buyback program on Wednesday, June 28th that permits the company to repurchase $15.60 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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Several equities analysts have recently weighed in on the stock. UBS AG upgraded shares of Citigroup from a “sell” rating to a “neutral” rating and upped their price objective for the company from $58.00 to $64.00 in a report on Friday, June 9th. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $73.42 price objective on the stock. in a report on Monday, July 3rd. Keefe, Bruyette & Woods set a $69.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Thursday, June 8th. Jefferies Group LLC reissued a “hold” rating and set a $68.00 target price on shares of Citigroup in a research report on Friday, May 5th. Finally, Bank of America Corporation reissued a “buy” rating and set a $68.00 target price (up from $64.00) on shares of Citigroup in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $69.08.

In related news, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $68.97, for a total transaction of $344,850.00. Following the completion of the sale, the insider now directly owns 56,394 shares in the company, valued at $3,889,494.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francisco Aristeguieta sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the sale, the chief executive officer now owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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