Ronald Blue & Co. LLC Boosts Position in Citigroup Inc. (C)

Ronald Blue & Co. LLC increased its position in shares of Citigroup Inc. (NYSE:C) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,961 shares of the financial services provider’s stock after buying an additional 198 shares during the quarter. Ronald Blue & Co. LLC’s holdings in Citigroup were worth $398,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Endurance Wealth Management Inc. raised its stake 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 worth $588,000 after purchasing an additional 25 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 40 shares during the last quarter. Regal Investment Advisors LLC raised its stake in shares of Citigroup by 2.0% in the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 74 shares during the last quarter. Arrow Financial Corp raised its stake 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 worth $113,000 after purchasing an additional 85 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake 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 worth $265,000 after purchasing an additional 93 shares during the last quarter. 75.38% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Jeffrey R. Walsh sold 5,000 shares of Citigroup stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Francisco Aristeguieta sold 40,000 shares of Citigroup stock in a transaction on Thursday, August 10th. The stock was 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. 0.10% of the stock is owned by company insiders.

Shares of Citigroup Inc. (NYSE:C) opened at 71.15 on Wednesday. Citigroup Inc. has a 12 month low of $45.16 and a 12 month high of $71.70. The company has a market capitalization of $193.85 billion, a PE ratio of 14.24 and a beta of 1.47. The stock has a 50 day moving average price of $68.04 and a 200-day moving average price of $63.70.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.07. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The firm had revenue of $17.90 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the firm earned $1.24 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts forecast that Citigroup Inc. will post $5.22 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 7th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.80%. This is an increase from Citigroup’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, August 3rd. Citigroup’s dividend payout ratio (DPR) is 25.55%.

A number of analysts recently commented on C shares. J P Morgan Chase & Co set a $73.50 price target on Citigroup and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $73.00 price target on shares of Citigroup in a research report on Wednesday, September 13th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price target for the company. in a research report on Monday, July 31st. Finally, Wells Fargo & Company began coverage on Citigroup in a research report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $69.79.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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