Citizens National Bank Trust Department Grows Position in Citigroup Inc. (NYSE:C)

Citizens National Bank Trust Department boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,203 shares of the company's stock after purchasing an additional 3,002 shares during the period. Citizens National Bank Trust Department's holdings in Citigroup were worth $1,221,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Citigroup during the 4th quarter worth approximately $28,000. American National Bank & Trust acquired a new stake in Citigroup during the 1st quarter valued at approximately $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup during the 4th quarter valued at approximately $34,000. Runnymede Capital Advisors Inc. acquired a new stake in Citigroup during the 4th quarter valued at approximately $39,000. Finally, Whipplewood Advisors LLC lifted its stake in Citigroup by 79.2% during the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after acquiring an additional 252 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

C has been the subject of several research reports. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Friday. Truist Financial decreased their price objective on shares of 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 objective on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday. Piper Sandler restated an "overweight" rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.03.

Citigroup Stock Performance

NYSE:C opened at $84.41 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $74.53 and a two-hundred day moving average of $73.63. The stock has a market capitalization of $157.66 billion, a PE ratio of 13.33, a P/E/G ratio of 0.65 and a beta of 1.33. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.79.

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 analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders 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 yield of 2.65%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio is presently 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.

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