New York State Teachers Retirement System Sells 57,766 Shares of Citigroup Inc. (NYSE:C)

New York State Teachers Retirement System trimmed its stake in Citigroup Inc. (NYSE:C - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,562,076 shares of the company's stock after selling 57,766 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Citigroup worth $110,892,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Orion Capital Management LLC bought a new position in shares of Citigroup in the 4th quarter worth $28,000. American National Bank & Trust bought a new position in shares of Citigroup in the first quarter valued at $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the fourth quarter valued at about $34,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Citigroup during the fourth quarter valued at about $39,000. Finally, Whipplewood Advisors LLC increased its position in shares of Citigroup by 79.2% during the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after acquiring an additional 252 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Citigroup

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

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent research reports. Evercore ISI decreased their price objective on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. cut their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Piper Sandler reissued an "overweight" rating and issued a $77.00 price target (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Royal Bank Of Canada dropped their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.03.

Citigroup Stock Performance

C traded up $0.76 during trading on Monday, hitting $85.14. 18,026,116 shares of the company traded hands, compared to its average volume of 14,585,532. Citigroup Inc. has a one year low of $53.51 and a one year high of $85.43. The stock's fifty day moving average is $74.53 and its 200 day moving average is $73.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The firm has a market cap of $159.02 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.66 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $21.34 billion. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

Citigroup 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.