Citigroup Inc. (NYSE:C) Director Peter B. Henry Sells 3,000 Shares

Citigroup Inc. (NYSE:C - Get Free Report) Director Peter B. Henry sold 3,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% 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 hyperlink.

Citigroup Price Performance

C stock traded up $0.35 during mid-day trading on Friday, hitting $93.44. The stock had a trading volume of 16,590,582 shares, compared to its average volume of 14,679,735. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $93.79. The firm has a market capitalization of $174.52 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.70 and a beta of 1.34. The firm has a fifty day simple moving average of $79.99 and a 200 day simple moving average of $75.29.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period last year, the firm earned $1.52 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a $0.60 dividend. This is a positive change from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 2.57%. The ex-dividend date is Monday, August 4th. Citigroup's dividend payout ratio (DPR) is currently 33.09%.

Institutional Investors Weigh In On Citigroup

A number of hedge funds have recently made changes to their positions in the stock. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $1,140,000. EWA LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $213,000. Pure Financial Advisors LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $454,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Citigroup by 63.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,085,496 shares of the company's stock valued at $262,637,000 after purchasing an additional 1,195,950 shares in the last quarter. Finally, Woodward Diversified Capital LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $418,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Piper Sandler increased their price objective on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research report on Wednesday. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research report on Wednesday. Truist Financial raised their price target on shares of Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Oppenheimer set a $123.00 price target on shares of Citigroup and gave the stock an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $96.46.

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.

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