O ROURKE & COMPANY Inc Purchases 297 Shares of Citigroup Inc. (NYSE:C)

O ROURKE & COMPANY Inc lifted its position in shares of Citigroup Inc. (NYSE:C) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,508 shares of the company’s stock after purchasing an additional 297 shares during the period. O ROURKE & COMPANY Inc’s holdings in Citigroup were worth $285,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Massachusetts Wealth Management increased its position in shares of Citigroup by 0.5% during the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after purchasing an additional 192 shares during the last quarter. Founders Capital Management increased its position in shares of Citigroup by 12.5% during the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock valued at $93,000 after purchasing an additional 200 shares during the last quarter. Cowa LLC increased its position in shares of Citigroup by 3.1% during the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock valued at $340,000 after purchasing an additional 200 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Citigroup by 0.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock valued at $1,267,000 after purchasing an additional 200 shares during the last quarter. Finally, Rossmore Private Capital increased its position in shares of Citigroup by 1.5% during the 4th quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock valued at $710,000 after purchasing an additional 200 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 0.0 %

C traded down $0.03 on Monday, hitting $63.43. The company had a trading volume of 12,921,325 shares, compared to its average volume of 15,090,590. The stock has a fifty day moving average price of $62.06 and a 200-day moving average price of $57.99. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $64.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $120.99 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 0.97 and a beta of 1.46.

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

Citigroup Announces Dividend

The company also recently announced 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 3.34%. Citigroup’s dividend payout ratio is currently 62.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on C shares. Wells Fargo & Company reissued an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group increased their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.