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

Victory Capital Management Inc. reduced its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 15.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,685,522 shares of the company's stock after selling 317,975 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Citigroup worth $119,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC purchased a new position in Citigroup during the 1st quarter worth $28,000. American National Bank & Trust purchased a new position in Citigroup during the 1st quarter worth $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup during the 4th quarter worth $34,000. Finally, Cornerstone Planning Group LLC grew its stake in Citigroup by 68.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock worth $38,000 after buying an additional 234 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on C. JPMorgan Chase & Co. dropped their price target on 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 boosted their price target on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday. Bank of America boosted their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Barclays boosted their price target on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price target on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $96.46.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 4,417 shares of the company's 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 completion of the transaction, the director owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Shares of C stock traded up $0.35 on Friday, hitting $93.44. The company had a trading volume of 16,589,313 shares, compared to its average volume of 15,965,645. The firm has a market cap of $174.52 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.34. The company has a 50-day moving average price of $79.99 and a 200-day moving average price of $75.29. 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 Inc. has a twelve month low of $53.51 and a twelve month high of $93.80.

Citigroup (NYSE:C - Get Free Report) last released 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. The company had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. Citigroup's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. As a group, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal 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 issued a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.57%. Citigroup's dividend payout ratio is presently 33.09%.

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.