Citigroup Inc. (NYSE:C) Shares Sold by TT Capital Management LLC

TT Capital Management LLC lowered its position in Citigroup Inc. (NYSE:C - Free Report) by 94.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,444 shares of the company's stock after selling 202,178 shares during the period. Citigroup comprises approximately 0.7% of TT Capital Management LLC's holdings, making the stock its 28th largest position. TT Capital Management LLC's holdings in Citigroup were worth $812,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of Citigroup during the 4th quarter worth $28,000. American National Bank & Trust purchased a new position in shares of Citigroup in the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup in the fourth quarter valued at about $34,000. Runnymede Capital Advisors Inc. purchased a new stake in Citigroup during the fourth quarter worth about $39,000. Finally, Whipplewood Advisors LLC grew its position in Citigroup by 79.2% during the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

C has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Truist Financial reduced their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Royal Bank Of Canada lowered their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Finally, Morgan Stanley lifted their price target on Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and an average target price of $83.30.

Insiders Place Their Bets

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 transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Price Performance

Citigroup stock traded up $1.50 during midday trading on Wednesday, reaching $82.64. 13,207,928 shares of the company were exchanged, compared to its average volume of 14,526,518. The firm's 50-day simple moving average is $73.27 and its 200-day simple moving average is $73.38. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a market capitalization of $154.35 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.63 and a beta of 1.33. 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 released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. On average, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

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.