Richard P Slaughter Associates Inc Has $387,000 Stock Position in Citigroup Inc. (NYSE:C)

Richard P Slaughter Associates Inc lessened its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 84.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,457 shares of the company's stock after selling 30,570 shares during the period. Richard P Slaughter Associates Inc's holdings in Citigroup were worth $387,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after buying an additional 119 shares during the last quarter. Continuum Advisory LLC grew its stake in Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after purchasing an additional 120 shares during the period. Blake Schutter Theil Wealth Advisors LLC raised its holdings in Citigroup by 1.6% in the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock worth $608,000 after purchasing an additional 135 shares in the last quarter. Hemington Wealth Management increased its position in shares of Citigroup by 10.9% during the 4th quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after purchasing an additional 136 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Citigroup by 3.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock worth $289,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

NYSE:C traded up $0.20 during mid-day trading on Thursday, hitting $76.60. 14,759,926 shares of the company's stock traded hands, compared to its average volume of 14,539,911. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a market cap of $143.07 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The firm's 50 day simple moving average is $69.16 and its 200 day simple moving average is $72.60.

Citigroup (NYSE:C - Get Free Report) last released its 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 return on equity of 6.62% and a net margin of 7.43%. Sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is 35.39%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on C shares. The Goldman Sachs Group reduced their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. TD Cowen assumed coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. Truist Financial dropped their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target 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.