Skylands Capital LLC Boosts Stock Position in Citigroup Inc. (NYSE:C)

Skylands Capital LLC lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,200 shares of the company's stock after acquiring an additional 4,425 shares during the period. Citigroup makes up about 1.4% of Skylands Capital LLC's holdings, making the stock its 18th largest holding. Skylands Capital LLC's holdings in Citigroup were worth $10,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Citigroup during the fourth quarter worth about $28,000. American National Bank & Trust purchased a new position in Citigroup during the first quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup during the fourth quarter worth about $34,000. Runnymede Capital Advisors Inc. purchased a new position in Citigroup during the fourth quarter worth about $39,000. Finally, Whipplewood Advisors LLC grew its position in Citigroup by 79.2% during the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after buying an additional 252 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 0.0%

Shares of C stock traded up $0.04 during midday trading on Friday, reaching $84.41. 21,831,230 shares of the stock were exchanged, compared to its average volume of 14,571,706. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.79. The company's 50 day moving average is $74.53 and its two-hundred day moving average is $73.63. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The firm has a market cap of $157.66 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. Citigroup's dividend payout ratio (DPR) is 35.39%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on C shares. Piper Sandler restated an "overweight" rating and set a $77.00 target price (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Truist Financial dropped their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Bank of America lifted their price target on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday. Evercore ISI dropped their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Finally, Morgan Stanley boosted their target price on Citigroup from $90.00 to $94.00 and gave the company an "overweight" rating in a research note on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $84.03.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 4,417 shares of the company'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 sale, the director now owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.