Citigroup Inc. (NYSE:C) Position Trimmed by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 3.3% during the first quarter, Holdings Channel reports. The firm owned 29,523 shares of the company’s stock after selling 1,022 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Citigroup were worth $2,096,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC lifted its holdings in shares of Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC increased its position in Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after buying an additional 120 shares during the period. Blake Schutter Theil Wealth Advisors LLC lifted its stake in Citigroup by 1.6% in the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company’s stock valued at $608,000 after buying an additional 135 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Citigroup by 3.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company’s stock valued at $289,000 after buying an additional 137 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Citigroup by 2.4% during the fourth quarter. Rakuten Securities Inc. now owns 5,953 shares of the company’s stock valued at $419,000 after acquiring an additional 139 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 1.2%

Shares of Citigroup stock opened at $79.42 on Tuesday. The business has a fifty day simple moving average of $72.93 and a 200-day simple moving average of $73.33. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The firm has a market cap of $148.34 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating 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 7.95% and a return on equity of 6.94%. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.82%. The ex-dividend date was Monday, May 5th. Citigroup’s dividend payout ratio is presently 35.39%.

Insider Buying and Selling

In related 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 of the company’s stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on C shares. The Goldman Sachs Group increased their price objective on shares of Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. JPMorgan Chase & Co. dropped their price target 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. Truist Financial reduced their price objective on Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Oppenheimer restated an “outperform” rating on shares of Citigroup in a research report on Tuesday, May 20th. Finally, Bank of America reduced their price target on Citigroup from $90.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.30.

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.