Compass Wealth Management LLC Sells 42,366 Shares of Citigroup Inc. (NYSE:C)

Compass Wealth Management LLC trimmed its stake in Citigroup Inc. (NYSE:C - Free Report) by 44.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,345 shares of the company's stock after selling 42,366 shares during the period. Compass Wealth Management LLC's holdings in Citigroup were worth $3,787,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Citigroup by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock worth $2,853,484,000 after purchasing an additional 667,357 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Citigroup by 2.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock valued at $2,714,359,000 after buying an additional 815,003 shares in the last quarter. FMR LLC lifted its stake in shares of Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after buying an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Citigroup by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after buying an additional 2,804,850 shares during the period. Finally, Capital World Investors increased its stake in Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after buying an additional 25,705,141 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director owned 13,048 shares in the company, valued at approximately $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 hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Price Performance

Shares of NYSE C traded up $1.91 during midday trading on Friday, reaching $88.67. 13,229,886 shares of the stock traded hands, compared to its average volume of 14,658,879. The company's 50 day moving average is $76.63 and its 200 day moving average is $74.20. Citigroup Inc. has a one year low of $53.51 and a one year high of $88.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $165.61 billion, a PE ratio of 14.01, a P/E/G ratio of 0.69 and a beta of 1.34.

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

Analyst Ratings Changes

Several equities analysts have recently commented on C shares. Cowen assumed coverage on Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating on the stock. Wall Street Zen cut Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Piper Sandler restated an "overweight" rating and issued a $77.00 price target (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. TD Cowen initiated coverage on shares of Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective for the company. Finally, Royal Bank Of Canada lowered their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.43.

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.