Citigroup Inc. (NYSE:C) Shares Sold by South Dakota Investment Council

South Dakota Investment Council reduced its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 12.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 331,534 shares of the company's stock after selling 46,749 shares during the period. South Dakota Investment Council's holdings in Citigroup were worth $23,536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. True Wealth Design LLC raised its stake in shares of Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after buying an additional 119 shares during the period. Continuum Advisory LLC boosted its position in shares of Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after buying an additional 120 shares during the period. Insight Inv LLC boosted its holdings in Citigroup by 0.5% in the first quarter. Insight Inv LLC now owns 27,268 shares of the company's stock valued at $1,936,000 after purchasing an additional 146 shares during the period. Trust Co. of Vermont raised its stake in Citigroup by 14.3% in the first quarter. Trust Co. of Vermont now owns 1,196 shares of the company's stock valued at $85,000 after buying an additional 150 shares in the last quarter. Finally, Mystic Asset Management Inc. increased its position in Citigroup by 0.5% in the 1st quarter. Mystic Asset Management Inc. now owns 29,100 shares of the company's stock valued at $2,066,000 after acquiring an additional 150 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

NYSE C traded up $0.35 during trading on Friday, hitting $93.44. 16,590,582 shares of the company's stock traded hands, compared to its average volume of 14,699,795. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $93.80. The stock has a market capitalization of $174.52 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.68 and a beta of 1.34. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99. The business has a 50 day moving average of $80.43 and a 200-day moving average of $75.48.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. During the same quarter last year, the business earned $1.52 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.57%. This is an increase from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director owned 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter B. Henry sold 3,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on C. Cowen began coverage on Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating for the company. Morgan Stanley increased their price target on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research report on Wednesday. Truist Financial increased their price target on shares of Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a report on Friday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.46.

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.