Citigroup (NYSE:C) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of Citigroup (NYSE:C - Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

C has been the topic of a number of other reports. Cowen assumed coverage on Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating on the stock. Royal Bank of Canada lowered their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI lowered their price objective on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Piper Sandler restated an "overweight" rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Morgan Stanley lowered their price target on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $83.97.

Citigroup Stock Performance

C traded down $0.07 on Friday, hitting $74.96. The company had a trading volume of 2,308,379 shares, compared to its average volume of 14,503,569. The company's fifty day moving average price is $68.85 and its 200 day moving average price is $72.36. Citigroup has a 1-year low of $53.51 and a 1-year high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $140.01 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Equities analysts predict that Citigroup will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were paid a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.99%. Citigroup's dividend payout ratio is 35.39%.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Citigroup

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC bought a new stake in Citigroup during the 4th quarter worth $206,000. SG Americas Securities LLC grew its position in Citigroup by 103.6% during the 4th quarter. SG Americas Securities LLC now owns 48,500 shares of the company's stock worth $3,414,000 after acquiring an additional 1,410,950 shares during the last quarter. Mutual Advisors LLC grew its position in shares of Citigroup by 8.8% in the 4th quarter. Mutual Advisors LLC now owns 17,581 shares of the company's stock valued at $1,238,000 after buying an additional 1,418 shares during the last quarter. Secure Asset Management LLC bought a new stake in shares of Citigroup in the 4th quarter valued at about $238,000. Finally, Brighton Jones LLC grew its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

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.