Tidal Investments LLC Sells 6,399 Shares of Citigroup Inc. (NYSE:C)

Tidal Investments LLC trimmed its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,292 shares of the company's stock after selling 6,399 shares during the quarter. Tidal Investments LLC's holdings in Citigroup were worth $6,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 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 last quarter. Webster Bank N. A. grew its position in shares of Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after buying an additional 300 shares during the last quarter. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup in the 4th quarter worth approximately $35,000. Sierra Ocean LLC bought a new stake in shares of Citigroup in the 4th quarter worth approximately $37,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup in the 4th quarter worth approximately $39,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 0.5%

Shares of NYSE:C opened at $76.10 on Tuesday. The stock has a market capitalization of $142.13 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 0.64 and a beta of 1.30. The stock has a fifty day simple moving average of $68.29 and a two-hundred day simple moving average of $72.06. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. On average, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's payout ratio is 35.39%.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction 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 completion of the sale, the director now owns 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 legal filing with the SEC, which is available at this link. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on C shares. TD Cowen started coverage on Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. Evercore ISI lowered their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group lowered their target price on Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Truist Financial lowered their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada lowered their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.97.

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.

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