Two Sigma Advisers LP Sells 2,352,600 Shares of Citigroup Inc. (NYSE:C)

Two Sigma Advisers LP reduced its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 65.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,259,500 shares of the company's stock after selling 2,352,600 shares during the quarter. Two Sigma Advisers LP owned about 0.07% of Citigroup worth $88,656,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of C. Core Alternative Capital grew its stake in shares of Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Webster Bank N. A. grew its stake in shares of Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $35,000. Sierra Ocean LLC bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Citigroup in the fourth quarter valued at approximately $39,000. 71.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Cowen assumed coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, TD Cowen assumed coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.97.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction on 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 owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Stock Down 0.1%

Shares of NYSE:C traded down $0.09 during midday trading on Thursday, reaching $73.33. 12,066,555 shares of the company were exchanged, compared to its average volume of 14,540,425. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock has a fifty day simple moving average of $68.55 and a two-hundred day simple moving average of $72.10. The firm has a market cap of $136.96 billion, a PE ratio of 12.32, a P/E/G ratio of 0.64 and a beta of 1.30.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.05%. Citigroup's payout ratio 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.