Sequoia Financial Advisors LLC Decreases Stake in Citigroup Inc. (NYSE:C)

Sequoia Financial Advisors LLC reduced its stake in Citigroup Inc. (NYSE:C - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 238,789 shares of the company's stock after selling 18,222 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Citigroup were worth $16,952,000 at the end of the most recent reporting period.

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

Citigroup Stock Performance

NYSE C traded up $0.04 during trading hours on Friday, hitting $84.41. The company had a trading volume of 21,831,230 shares, compared to its average volume of 14,580,426. The business has a 50 day moving average of $74.10 and a 200-day moving average of $73.53. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.90. The company has a market cap of $157.66 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred 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 of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

C has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research report on Monday. Cowen initiated coverage on Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating for the company. Truist Financial reduced their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Citigroup in a research note on Tuesday. Finally, Piper Sandler restated an "overweight" rating and set a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.03.

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.