Bridge Creek Capital Management LLC Sells 4,264 Shares of Citigroup Inc. (NYSE:C)

Bridge Creek Capital Management LLC reduced its position in Citigroup Inc. (NYSE:C - Free Report) by 6.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 61,497 shares of the company's stock after selling 4,264 shares during the period. Citigroup comprises approximately 1.4% of Bridge Creek Capital Management LLC's holdings, making the stock its 26th biggest holding. Bridge Creek Capital Management LLC's holdings in Citigroup were worth $4,366,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after purchasing an additional 11,674 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Citigroup by 13.8% during the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after buying an additional 1,970,300 shares during the last quarter. Candriam S.C.A. grew its holdings in Citigroup by 12.7% in the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after buying an additional 22,657 shares in the last quarter. Brighton Jones LLC increased its position in 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 acquiring an additional 12,499 shares during the period. Finally, Unified Investment Management bought a new stake in Citigroup during the 4th quarter valued at $658,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of NYSE:C traded down $0.09 during midday trading on Wednesday, hitting $76.44. The company's stock had a trading volume of 10,118,813 shares, compared to its average volume of 14,522,463. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $142.77 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.64 and a beta of 1.33. The stock's 50 day simple moving average is $69.04 and its 200 day simple moving average is $72.58.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $21.34 billion. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

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. This represents a $2.24 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is currently 35.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Cowen started coverage on Citigroup in a report on Wednesday, May 14th. They set a "hold" rating on the stock. Piper Sandler reissued an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 target price (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, Bank of America decreased their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.97.

Insider Buying and Selling

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

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.