Waverton Investment Management Ltd Has $252,000 Holdings in Citigroup Inc. (NYSE:C)

Waverton Investment Management Ltd lowered its position in Citigroup Inc. (NYSE:C - Free Report) by 89.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,550 shares of the company's stock after selling 28,850 shares during the quarter. Waverton Investment Management Ltd's holdings in Citigroup were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of C. Brighton Jones LLC boosted its holdings in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. Lake Street Advisors Group LLC raised its position in shares of Citigroup by 4.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 15,059 shares of the company's stock valued at $1,060,000 after buying an additional 598 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Citigroup by 2.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 15,391 shares of the company's stock valued at $1,083,000 after buying an additional 318 shares during the period. NewEdge Wealth LLC increased its stake in Citigroup by 15.5% during the 4th quarter. NewEdge Wealth LLC now owns 18,119 shares of the company's stock worth $1,275,000 after acquiring an additional 2,434 shares during the period. Finally, Nwam LLC raised its holdings in Citigroup by 11.5% in the 4th quarter. Nwam LLC now owns 6,122 shares of the company's stock valued at $431,000 after acquiring an additional 629 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Citigroup

In related 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 transaction, the director now directly owns 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

Citigroup Stock Up 2.2%

Shares of NYSE:C opened at $84.46 on Friday. The firm has a market cap of $157.75 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $74.10 and a 200 day simple moving average of $73.53.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results 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. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. Analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.65%. Citigroup's payout ratio is currently 35.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on C shares. Piper Sandler restated an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Bank of America upped their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, TD Cowen assumed coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $84.03.

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.

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