Citigroup Inc. (NYSE:C) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lowered its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 460,576 shares of the company's stock after selling 13,709 shares during the quarter. Manning & Napier Advisors LLC's holdings in Citigroup were worth $32,696,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in Citigroup in the 4th quarter worth approximately $28,000. American National Bank & Trust purchased a new position in Citigroup in the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the 4th quarter worth approximately $34,000. Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the 4th quarter worth approximately $39,000. Finally, Whipplewood Advisors LLC boosted its holdings in Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $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.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction 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 directly owns 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Performance

C traded up $0.97 during trading hours on Monday, hitting $79.42. 11,937,856 shares of the stock were exchanged, compared to its average volume of 14,500,172. The stock has a 50-day simple moving average of $72.60 and a 200-day simple moving average of $73.28. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The stock has a market cap of $148.34 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $21.34 billion. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.82%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Analyst Upgrades and Downgrades

C has been the subject of a number of analyst reports. Truist Financial decreased their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and set a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Morgan Stanley increased their target price on Citigroup from $90.00 to $94.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank Of Canada reduced their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $83.30.

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.