FNY Investment Advisers LLC cut its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 34.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,810 shares of the company's stock after selling 6,750 shares during the period. FNY Investment Advisers LLC's holdings in Citigroup were worth $909,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Citigroup during the fourth quarter worth $28,000. American National Bank & Trust bought a new stake in shares of Citigroup during the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup during the 4th quarter worth about $34,000. Creative Capital Management Investments LLC acquired a new position in shares of Citigroup during the 4th quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Citigroup in the 4th quarter valued at approximately $37,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.
Citigroup Stock Performance
Shares of NYSE C traded up $1.65 during mid-day trading on Monday, hitting $78.01. The company had a trading volume of 10,391,782 shares, compared to its average volume of 14,530,124. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The firm has a market cap of $145.71 billion, a P/E ratio of 13.11, a PEG ratio of 0.64 and a beta of 1.33. The business's 50-day simple moving average is $71.01 and its 200-day simple moving average is $73.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.
Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS 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 the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. As a group, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.
Citigroup Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.87%. Citigroup's dividend payout ratio is currently 35.39%.
Insiders Place Their Bets
In other news, Director John Cunningham Dugan sold 4,417 shares of the 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 completion of the transaction, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on C shares. Evercore ISI decreased their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. TD Cowen began coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective for the company. 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 report on Wednesday, April 16th. Bank of America dropped their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.30.
View Our Latest Stock Analysis on C
Citigroup Profile
(
Free Report)
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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