Thompson Investment Management Inc. Sells 5,047 Shares of Citigroup Inc. (NYSE:C)

Thompson Investment Management Inc. lessened its holdings in Citigroup Inc. (NYSE:C - Free Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,324 shares of the company's stock after selling 5,047 shares during the quarter. Citigroup makes up about 1.7% of Thompson Investment Management Inc.'s holdings, making the stock its 6th largest position. Thompson Investment Management Inc.'s holdings in Citigroup were worth $11,665,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Core Alternative Capital increased its holdings 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 in the last quarter. Orion Capital Management LLC purchased a new position in Citigroup in the fourth quarter valued at about $28,000. American National Bank & Trust purchased a new position in Citigroup in the first quarter valued at about $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the fourth quarter valued at about $34,000. Finally, Creative Capital Management Investments LLC purchased a new position in Citigroup in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Trading Down 2.5%

Shares of NYSE C traded down $1.93 during trading on Friday, hitting $76.30. 11,986,532 shares of the company traded hands, compared to its average volume of 14,530,563. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a 50-day moving average price of $71.01 and a 200-day moving average price of $73.01. The firm has a market capitalization of $142.51 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.64 and a beta of 1.33. 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 announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.94%. Citigroup's payout ratio is 35.39%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on C. Piper Sandler restated an "overweight" rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. The Goldman Sachs Group lifted their price objective on Citigroup from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. cut 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. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average price target of $84.30.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company's stock.

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.