DMC Group LLC Sells 7,743 Shares of Citigroup Inc. (NYSE:C)

DMC Group LLC lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 51.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,350 shares of the company's stock after selling 7,743 shares during the period. DMC Group LLC's holdings in Citigroup were worth $522,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Orion Capital Management LLC bought a new stake in shares of Citigroup in the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup during the 1st quarter valued at $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup during the first quarter worth $29,000. Mascagni Wealth Management Inc. bought a new position in shares of Citigroup in the fourth quarter worth $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Citigroup in the fourth quarter valued at $39,000. Institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

Shares of NYSE C traded down $0.35 during trading hours on Friday, reaching $86.73. 10,251,072 shares of the stock traded hands, compared to its average volume of 14,612,801. The company's 50-day simple moving average is $78.40 and its two-hundred day simple moving average is $74.75. The company has a market capitalization of $161.99 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $88.83. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C - Get Free Report) last announced 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. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The firm had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen downgraded Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, Truist Financial upped their price target on shares of Citigroup from $84.00 to $93.00 and gave the stock a "buy" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $87.89.

Insider Transactions at Citigroup

In other 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 transaction, the director owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

About Citigroup

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.