Capital Asset Advisory Services LLC Sells 6,653 Shares of Citigroup Inc. (NYSE:C)

Capital Asset Advisory Services LLC cut its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 14.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,390 shares of the company's stock after selling 6,653 shares during the period. Capital Asset Advisory Services LLC's holdings in Citigroup were worth $2,898,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in C. True Wealth Design LLC boosted its holdings in Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after acquiring an additional 119 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after purchasing an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in shares of Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after purchasing an additional 135 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of Citigroup by 10.9% during the fourth quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after purchasing an additional 136 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Citigroup by 3.4% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after purchasing an additional 137 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm'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 completion of the sale, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company's stock.

Citigroup Price Performance

Citigroup stock traded down $0.09 during midday trading on Wednesday, reaching $76.44. 10,118,813 shares of the stock traded hands, compared to its average volume of 14,522,462. The stock's fifty day moving average is $69.04 and its 200-day moving average is $72.58. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The stock has a market cap of $142.77 billion, a P/E ratio of 12.85, a PEG ratio of 0.64 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C - Get Free Report) last posted 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 business had revenue of $21.60 billion during 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%. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is 35.39%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Bank of America reduced their price objective on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Evercore ISI reduced their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, Piper Sandler restated an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $83.97.

Citigroup 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.