Citigroup Inc. (NYSE:C) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its stake in Citigroup Inc. (NYSE:C) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 599,754 shares of the company’s stock after selling 23,505 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Citigroup were worth $42,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in C. Lifestyle Asset Management Inc. raised its holdings in Citigroup by 4.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after acquiring an additional 160 shares during the last quarter. Grove Bank & Trust raised its position in Citigroup by 7.1% in the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after purchasing an additional 170 shares during the period. MWA Asset Management lifted its stake in Citigroup by 1.4% during the 3rd quarter. MWA Asset Management now owns 12,585 shares of the company’s stock worth $788,000 after acquiring an additional 173 shares in the last quarter. Bridge Creek Capital Management LLC grew its holdings in shares of Citigroup by 0.3% in the third quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company’s stock valued at $4,209,000 after purchasing an additional 175 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Citigroup by 9.3% during the third quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock worth $128,000 after acquiring an additional 175 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

C has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Oppenheimer decreased their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Piper Sandler increased their price target on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price objective on Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Truist Financial began coverage on shares of Citigroup in a research note on Tuesday. They set a “buy” rating and a $85.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Citigroup Price Performance

Shares of NYSE C traded down $0.43 during midday trading on Wednesday, reaching $73.25. 7,365,611 shares of the company traded hands, compared to its average volume of 13,165,104. The firm has a market cap of $138.54 billion, a PE ratio of 21.23, a PEG ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.29. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50-day simple moving average is $69.68 and its 200-day simple moving average is $64.84.

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.06%. Citigroup’s dividend payout ratio is currently 64.93%.

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.