Citigroup Inc. (NYSE:C) Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 83,785 shares of the company's stock after selling 5,816 shares during the period. Diversified Trust Co's holdings in Citigroup were worth $5,948,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of C. Orion Capital Management LLC acquired a new position in shares of Citigroup in the 4th quarter valued at $28,000. American National Bank & Trust purchased a new position in Citigroup in the first quarter valued at $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the fourth quarter valued at $34,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Citigroup in the fourth quarter worth about $39,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of Citigroup by 79.2% during the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after acquiring an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

C traded up $0.04 on Friday, hitting $84.41. 21,831,230 shares of the company's stock were exchanged, compared to its average volume of 14,580,430. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.90. The stock has a market cap of $157.66 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.64 and a beta of 1.33. The firm has a 50-day moving average price of $74.10 and a 200-day moving average price of $73.53. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced 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 2.65%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on C. Morgan Stanley lifted their price target on Citigroup from $90.00 to $94.00 and gave the company an "overweight" rating in a research note on Monday. Piper Sandler restated an "overweight" rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. TD Cowen assumed coverage on Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 target price for the company. Cowen started coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Finally, Bank of America boosted their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average price target of $84.03.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the company's 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.08% of the company's stock.

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.