Citigroup Inc. (NYSE:C) Shares Sold by Courier Capital LLC

Courier Capital LLC trimmed its holdings in Citigroup Inc. (NYSE:C) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,061 shares of the company’s stock after selling 1,219 shares during the quarter. Courier Capital LLC’s holdings in Citigroup were worth $4,157,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup during the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup during the 2nd quarter worth $31,000. Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup in the third quarter valued at about $31,000. GHP Investment Advisors Inc. increased its position in Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after buying an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE:C traded up $1.54 on Monday, reaching $72.94. 16,685,970 shares of the company traded hands, compared to its average volume of 14,596,574. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $137.95 billion, a PE ratio of 21.14, a P/E/G ratio of 0.80 and a beta of 1.43. The company’s 50 day moving average is $70.19 and its 200-day moving average is $65.07. Citigroup Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $74.29.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts anticipate that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 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 3.07%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Truist Financial assumed coverage on Citigroup in a research note on Tuesday, January 7th. They set a “buy” rating and a $85.00 price objective on the stock. Oppenheimer dropped their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Finally, Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Citigroup 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.