Sunbelt Securities Inc. Sells 52,318 Shares of Citigroup Inc. (NYSE:C)

Sunbelt Securities Inc. lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 65.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,951 shares of the company's stock after selling 52,318 shares during the quarter. Sunbelt Securities Inc.'s holdings in Citigroup were worth $1,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Core Alternative Capital grew its position in shares of Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after buying an additional 171 shares during the period. Orion Capital Management LLC bought a new stake in Citigroup during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in Citigroup in the fourth quarter worth about $35,000. Webster Bank N. A. increased its stake in shares of Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Citigroup during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Stock Performance

Shares of NYSE C traded down $0.29 during trading on Wednesday, reaching $75.18. 3,434,743 shares of the company traded hands, compared to its average volume of 14,500,909. The firm has a 50 day simple moving average of $68.78 and a 200-day simple moving average of $72.34. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The stock has a market capitalization of $140.41 billion, a PE ratio of 12.63, a P/E/G ratio of 0.64 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

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 analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders 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 dividend yield of 2.98%. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

Wall Street Analyst Weigh In

C has been the topic of several recent research reports. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Evercore ISI cut their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Truist Financial lowered their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and a consensus target price of $83.97.

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.