Birmingham Capital Management Co. Inc. AL Has $1.41 Million Stake in Citigroup Inc. (NYSE:C)

Birmingham Capital Management Co. Inc. AL trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,065 shares of the company's stock after selling 8,150 shares during the period. Birmingham Capital Management Co. Inc. AL's holdings in Citigroup were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Core Alternative Capital grew its stake in Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after acquiring an additional 171 shares during the period. Orion Capital Management LLC acquired a new position in Citigroup in the fourth quarter valued at about $28,000. Webster Bank N. A. grew its stake in Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares during the period. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $37,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company's stock.

Citigroup Stock Performance

NYSE:C traded down $0.23 on Friday, hitting $75.30. The company's stock had a trading volume of 12,509,663 shares, compared to its average volume of 14,579,475. 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 fifty day moving average of $68.89 and a two-hundred day moving average of $72.44. The firm has a market capitalization of $140.64 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 2.97%. Citigroup's dividend payout ratio is 35.39%.

Analysts Set New Price Targets

C has been the topic of a number of research reports. TD Cowen initiated coverage on Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target on the stock. Truist Financial cut their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Oppenheimer restated an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. The Goldman Sachs Group cut their price target on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, Bank of America cut their price target on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Citigroup has an average rating of "Moderate Buy" and a consensus target price of $83.97.

Citigroup Company Profile

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.