Two Sigma Investments LP Sells 687,536 Shares of Citigroup Inc. (NYSE:C)

Two Sigma Investments LP reduced its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 93.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,400 shares of the company's stock after selling 687,536 shares during the quarter. Two Sigma Investments LP's holdings in Citigroup were worth $3,266,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of C. Core Alternative Capital raised its stake in Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Creative Capital Management Investments LLC bought a new position in shares of Citigroup in the fourth quarter valued at approximately $35,000. Sierra Ocean LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at $37,000. Runnymede Capital Advisors Inc. bought a new position in shares of Citigroup in the fourth quarter worth about $39,000. Finally, Fairway Wealth LLC lifted its holdings in Citigroup by 38.4% during the 4th quarter. Fairway Wealth LLC now owns 731 shares of the company's stock worth $51,000 after buying an additional 203 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Citigroup

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 shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on C. Cowen initiated coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Truist Financial lowered their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Evercore ISI decreased their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.97.

Citigroup Price Performance

Shares of NYSE:C traded up $0.24 during trading on Tuesday, reaching $76.04. 1,376,819 shares of the company traded hands, compared to its average volume of 14,494,404. The firm has a market capitalization of $142.02 billion, a PE ratio of 12.78, a PEG ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The company's 50 day moving average is $68.94 and its two-hundred day moving average is $72.55.

Citigroup (NYSE:C - Get Free Report) last posted 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 net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors 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 dividend on an annualized basis and a yield of 2.95%. Citigroup's dividend payout ratio (DPR) is 35.39%.

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.