apricus wealth LLC Acquires 3,935 Shares of Citigroup Inc. (NYSE:C)

apricus wealth LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,315 shares of the company’s stock after acquiring an additional 3,935 shares during the period. Citigroup comprises approximately 2.0% of apricus wealth LLC’s holdings, making the stock its 14th largest position. apricus wealth LLC’s holdings in Citigroup were worth $3,430,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Simon Quick Advisors LLC grew its position in shares of Citigroup by 38.2% during the 1st quarter. Simon Quick Advisors LLC now owns 11,314 shares of the company’s stock valued at $803,000 after acquiring an additional 3,126 shares during the period. Focus Financial Network Inc. boosted its holdings in Citigroup by 5.7% in the 1st quarter. Focus Financial Network Inc. now owns 11,226 shares of the company’s stock worth $797,000 after buying an additional 605 shares during the period. Donaldson Capital Management LLC bought a new position in Citigroup in the 1st quarter worth $204,000. USA Financial Formulas bought a new position in Citigroup in the 1st quarter worth $1,240,000. Finally, My Legacy Advisors LLC boosted its holdings in Citigroup by 2.5% in the 1st quarter. My Legacy Advisors LLC now owns 9,956 shares of the company’s stock worth $707,000 after buying an additional 242 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.5%

Shares of NYSE C opened at $78.43 on Thursday. The firm’s 50-day moving average price is $70.26 and its 200-day moving average price is $72.91. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $146.49 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74.

Citigroup (NYSE:C) last announced 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. The firm had revenue of $21.60 billion for the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal 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 given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s dividend payout ratio is 35.39%.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated Wednesday, April 30th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on C. Cowen began coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a “hold” rating for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. The Goldman Sachs Group upped their target price on shares of Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday. Truist Financial decreased their price target on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.30.

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.