Sippican Capital Advisors Sells 5,919 Shares of Citigroup Inc. (NYSE:C)

Sippican Capital Advisors cut its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,865 shares of the company's stock after selling 5,919 shares during the period. Citigroup makes up approximately 1.7% of Sippican Capital Advisors' holdings, making the stock its 15th biggest position. Sippican Capital Advisors' holdings in Citigroup were worth $2,191,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup in the first quarter worth about $28,000. American National Bank & Trust purchased a new position in shares of Citigroup in the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup during the fourth quarter valued at approximately $34,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Citigroup during the fourth quarter valued at approximately $39,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 0.5%

Shares of Citigroup stock traded up $0.42 during trading on Wednesday, hitting $86.69. 13,414,595 shares of the stock traded hands, compared to its average volume of 14,587,902. The stock has a market cap of $161.91 billion, a P/E ratio of 13.70, a PEG ratio of 0.66 and a beta of 1.34. The company has a fifty day moving average price of $75.41 and a two-hundred day moving average price of $73.83. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $86.92. 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 (NYSE:C - Get Free Report) last issued 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. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. Equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm 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 yield of 2.58%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio is presently 35.39%.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated 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 owned 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Evercore ISI raised their price objective on shares of Citigroup from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Wednesday. Bank of America increased their target price on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. TD Cowen began coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price target (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, 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 research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.83.

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.