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

Twin Capital Management Inc. reduced its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 26.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,886 shares of the company's stock after selling 17,009 shares during the period. Twin Capital Management Inc.'s holdings in Citigroup were worth $3,399,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. True Wealth Design LLC grew its holdings in Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after acquiring an additional 119 shares during the period. Continuum Advisory LLC boosted its holdings in Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after buying an additional 120 shares in the last quarter. Insight Inv LLC grew its position in Citigroup by 0.5% during the first quarter. Insight Inv LLC now owns 27,268 shares of the company's stock worth $1,936,000 after buying an additional 146 shares during the period. Trust Co. of Vermont lifted its position in shares of Citigroup by 14.3% during the 1st quarter. Trust Co. of Vermont now owns 1,196 shares of the company's stock valued at $85,000 after acquiring an additional 150 shares during the period. Finally, Mystic Asset Management Inc. lifted its position in shares of Citigroup by 0.5% during the 1st quarter. Mystic Asset Management Inc. now owns 29,100 shares of the company's stock valued at $2,066,000 after acquiring an additional 150 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. UBS Group restated a "neutral" rating and issued a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Barclays increased their price target on shares of Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Bank of America lifted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, Piper Sandler lifted their price objective on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $96.46.

Citigroup Trading Up 1.6%

Shares of NYSE C traded up $1.44 during trading on Tuesday, hitting $94.09. 9,494,280 shares of the company traded hands, compared to its average volume of 14,670,463. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $94.47. The company has a 50-day moving average price of $80.43 and a 200-day moving average price of $75.52. The firm has a market capitalization of $175.74 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm's revenue was up 8.2% on a year-over-year basis. On average, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.55%. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. Citigroup's dividend payout ratio is 33.09%.

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 shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director owned 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

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.