Citigroup Inc. (NYSE:C) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 17.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 131,635 shares of the company's stock after selling 27,813 shares during the quarter. Private Advisor Group LLC's holdings in Citigroup were worth $9,345,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC purchased a new position in Citigroup in the first quarter worth about $28,000. American National Bank & Trust purchased a new position in Citigroup in the first quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the fourth quarter worth about $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the fourth quarter worth about $39,000. 71.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director owned 2,140 shares of the company's stock, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Cunningham Dugan sold 4,417 shares of the firm's 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 directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Shares of C traded up $0.84 during mid-day trading on Wednesday, reaching $94.84. The company had a trading volume of 6,422,607 shares, compared to its average volume of 15,851,645. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $95.26. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $177.13 billion, a P/E ratio of 14.01, a PEG ratio of 0.80 and a beta of 1.34. The stock has a 50 day moving average of $80.43 and a two-hundred day moving average of $75.52.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. On average, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be given a dividend of $0.60 per share. This is an increase from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.53%. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on C. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Oppenheimer set a $123.00 price objective on Citigroup and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their price objective on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Finally, Truist Financial lifted their target price on Citigroup from $93.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $96.46.

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.