TT Capital Management LLC Sells 202,178 Shares of Citigroup Inc. (NYSE:C)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Citigroup in the fourth quarter worth $1,935,599,000. Capital World Investors boosted its holdings in Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after acquiring an additional 25,705,141 shares in the last quarter. FMR LLC boosted its holdings in Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after acquiring an additional 7,863,718 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Citigroup in the fourth quarter worth $198,231,000. Finally, Franklin Resources Inc. boosted its holdings in Citigroup by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after acquiring an additional 2,804,850 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Activity at Citigroup

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 stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.08% of the stock is owned by corporate insiders.

Citigroup Price Performance

Shares of NYSE C traded up $0.97 during mid-day trading on Monday, reaching $79.42. The company's stock had a trading volume of 11,937,856 shares, compared to its average volume of 14,500,172. The firm has a market capitalization of $148.34 billion, a PE ratio of 12.39, a P/E/G ratio of 0.60 and a beta of 1.33. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average of $72.60 and a two-hundred day moving average of $73.28. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The firm had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is presently 35.39%.

Wall Street Analyst Weigh In

C has been the subject of several recent analyst reports. Evercore ISI decreased their price target 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. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Cowen initiated coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. The Goldman Sachs Group boosted their price target on Citigroup from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Truist Financial decreased their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.30.

About Citigroup

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.