Sabal Trust CO Has $1.65 Million Stake in Citigroup Inc. (NYSE:C)

Sabal Trust CO raised its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 91.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,254 shares of the company's stock after purchasing an additional 11,084 shares during the period. Sabal Trust CO's holdings in Citigroup were worth $1,651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of C. Norges Bank bought a new stake in shares of Citigroup in the 4th quarter worth approximately $1,935,599,000. Capital World Investors lifted its stake in Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after buying an additional 25,705,141 shares during the last quarter. FMR LLC boosted its holdings in shares of Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after acquiring an additional 7,863,718 shares during the period. Raymond James Financial Inc. bought a new position in Citigroup in the 4th quarter worth about $198,231,000. Finally, Franklin Resources Inc. increased its stake in shares of Citigroup by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after purchasing an additional 2,804,850 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Piper Sandler reiterated an "overweight" rating and set a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Truist Financial lowered their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Citigroup in a research report on Tuesday. Finally, TD Cowen began coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $84.03.

Insiders Place Their Bets

In other 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 completion of the sale, the director now owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company's stock.

Citigroup Price Performance

Citigroup stock traded up $1.83 during mid-day trading on Thursday, hitting $84.46. The company's stock had a trading volume of 18,553,929 shares, compared to its average volume of 14,542,740. The stock has a market capitalization of $157.75 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.63 and a beta of 1.33. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.78. The stock's fifty day moving average price is $73.68 and its two-hundred day moving average price is $73.45. 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 (NYSE:C - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. Research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

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

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.