Nilsine Partners LLC Decreases Position in Citigroup Inc. (NYSE:C)

Nilsine Partners LLC trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 58.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,233 shares of the company's stock after selling 7,401 shares during the period. Nilsine Partners LLC's holdings in Citigroup were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of C. Orion Capital Management LLC acquired a new position in Citigroup during the fourth quarter worth $28,000. American National Bank & Trust acquired a new position in shares of Citigroup during the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the 4th quarter valued at about $34,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Citigroup in the fourth quarter valued at about $39,000. Finally, Whipplewood Advisors LLC increased its position in Citigroup by 79.2% during the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after purchasing an additional 252 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred on Wednesday, April 30th. The shares were 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 owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Trading Up 2.2%

NYSE C traded up $1.83 during trading on Thursday, hitting $84.46. The stock had a trading volume of 18,553,929 shares, compared to its average volume of 14,551,291. The firm has a 50 day moving average price of $74.10 and a 200 day moving average price of $73.53. 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 Inc. has a twelve month low of $53.51 and a twelve month high of $84.78. The company has a market capitalization of $157.75 billion, a PE ratio of 13.34, a PEG ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping 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 firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is currently 35.39%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on C shares. Piper Sandler reiterated an "overweight" rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Royal Bank Of Canada reduced their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Truist Financial lowered their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Bank of America raised their target price on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and an average target price of $84.03.

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.