Sentry Investment Management LLC purchased a new position in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,093 shares of the company's stock, valued at approximately $433,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Core Alternative Capital raised its stake in Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after buying an additional 171 shares during the last quarter. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $28,000. American National Bank & Trust acquired a new stake in Citigroup in the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new stake in Citigroup during the 4th quarter worth approximately $34,000. Finally, Creative Capital Management Investments LLC purchased a new stake in Citigroup during the 4th quarter worth approximately $35,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their price objective on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, Bank of America dropped their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $83.97.
Check Out Our Latest Research Report on C
Insider Buying and Selling
In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by company insiders.
Citigroup Price Performance
Shares of NYSE:C traded down $0.09 during midday trading on Wednesday, hitting $76.44. The company's stock had a trading volume of 10,118,813 shares, compared to its average volume of 14,522,463. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company has a market cap of $142.77 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The business's 50 day simple moving average is $69.04 and its 200 day simple moving average is $72.58.
Citigroup (NYSE:C - Get Free Report) last issued 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 return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. On average, analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.
Citigroup Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.
About Citigroup
(
Free Report)
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.
Read More
Before you consider Citigroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citigroup wasn't on the list.
While Citigroup currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
