Citigroup Inc. (NYSE:C) Shares Sold by UMB Bank n.a.

UMB Bank n.a. decreased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 67.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,052 shares of the company's stock after selling 43,316 shares during the quarter. UMB Bank n.a.'s holdings in Citigroup were worth $1,494,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of C. Sivia Capital Partners LLC boosted its position in shares of Citigroup by 151.7% during the 1st quarter. Sivia Capital Partners LLC now owns 8,136 shares of the company's stock valued at $578,000 after acquiring an additional 4,904 shares during the last quarter. Vanguard Capital Wealth Advisors purchased a new stake in Citigroup during the first quarter valued at $201,000. Independence Bank of Kentucky lifted its position in Citigroup by 34.7% during the first quarter. Independence Bank of Kentucky now owns 14,218 shares of the company's stock valued at $1,009,000 after purchasing an additional 3,665 shares during the last quarter. First National Corp MA ADV bought a new position in Citigroup during the first quarter valued at $208,000. Finally, Procyon Advisors LLC increased its holdings in shares of Citigroup by 16.4% in the 1st quarter. Procyon Advisors LLC now owns 12,176 shares of the company's stock worth $864,000 after buying an additional 1,712 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.6%

Shares of NYSE:C traded down $0.44 during trading on Thursday, reaching $77.94. 3,726,623 shares of the company were exchanged, compared to its average volume of 14,510,992. The business's fifty day simple moving average is $70.26 and its 200-day simple moving average is $72.91. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The firm has a market capitalization of $145.57 billion, a PE ratio of 13.10, a P/E/G ratio of 0.64 and a beta of 1.33.

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

Analysts Set New Price Targets

A number of brokerages recently commented on C. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Piper Sandler reiterated an "overweight" rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Royal Bank of Canada cut their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group raised their price target on Citigroup from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.30.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was 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 available at the SEC website. Insiders own 0.08% of the company's stock.

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.