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

Douglas Lane & Associates LLC trimmed its holdings in Citigroup Inc. (NYSE:C) by 2.2% in the first quarter, Holdings Channel.com reports. The fund owned 586,695 shares of the company’s stock after selling 13,059 shares during the period. Douglas Lane & Associates LLC’s holdings in Citigroup were worth $41,649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Core Alternative Capital raised its holdings in Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock worth $26,000 after buying an additional 171 shares during the period. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth about $28,000. American National Bank & Trust acquired a new stake in Citigroup during the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup during the 4th quarter worth about $34,000. Finally, Creative Capital Management Investments LLC acquired a new stake in Citigroup during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insiders Place Their Bets

In other Citigroup 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 completion of the sale, the director now owns 13,048 shares of the company’s stock, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

Citigroup Trading Down 0.3%

NYSE:C opened at $75.30 on Friday. The stock’s 50 day moving average price is $68.89 and its 200 day moving average price is $72.47. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a market capitalization of $140.64 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.64 and a beta of 1.30. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last released 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 firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. On average, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a dividend of $0.56 per share. 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 2.97%. Citigroup’s payout ratio is currently 35.39%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen assumed coverage on Citigroup in a report on Thursday, May 15th. They issued a “hold” rating and a $83.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Oppenheimer reiterated an “outperform” rating on shares of Citigroup in a report on Tuesday, May 20th. Bank of America dropped their target price on Citigroup from $90.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Finally, Truist Financial dropped their target price on Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.97.

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.