Yousif Capital Management LLC Reduces Position in Citigroup Inc. (NYSE:C)

Yousif Capital Management LLC cut its position in Citigroup Inc. (NYSE:C - Free Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 290,686 shares of the company's stock after selling 7,184 shares during the period. Yousif Capital Management LLC's holdings in Citigroup were worth $20,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Octavia Wealth Advisors LLC purchased a new stake in shares of Citigroup during the first quarter worth about $209,000. Tounjian Advisory Partners LLC bought a new stake in Citigroup in the 1st quarter worth approximately $2,585,000. Pallas Capital Advisors LLC increased its stake in Citigroup by 62.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 30,964 shares of the company's stock worth $2,198,000 after acquiring an additional 11,853 shares during the last quarter. WFA Asset Management Corp raised its holdings in shares of Citigroup by 14.0% during the 1st quarter. WFA Asset Management Corp now owns 41,244 shares of the company's stock worth $2,928,000 after acquiring an additional 5,075 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Citigroup by 28.8% during the 1st quarter. Farther Finance Advisors LLC now owns 27,914 shares of the company's stock valued at $1,969,000 after acquiring an additional 6,242 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the 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 sale, the director now directly owns 13,048 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Down 0.3%

Shares of Citigroup stock traded down $0.24 during trading on Thursday, hitting $78.14. 4,216,390 shares of the stock traded hands, compared to its average volume of 14,513,557. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a market cap of $145.94 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The stock's fifty day simple moving average is $70.26 and its 200 day simple moving average is $72.91.

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. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on C shares. Morgan Stanley decreased their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Evercore ISI lowered their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Finally, Truist Financial cut their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.30.

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.