Citigroup Inc. (NYSE:C) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP reduced its position in shares of Citigroup Inc. (NYSE:C) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,476 shares of the company’s stock after selling 3,906 shares during the period. Wasatch Advisors LP’s holdings in Citigroup were worth $4,077,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Naviter Wealth LLC boosted its stake in shares of Citigroup by 25.0% during the 1st quarter. Naviter Wealth LLC now owns 30,502 shares of the company’s stock worth $1,929,000 after acquiring an additional 6,098 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Citigroup by 2.9% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 72,806 shares of the company’s stock valued at $4,604,000 after purchasing an additional 2,018 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Citigroup by 44.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,800,519 shares of the company’s stock worth $113,865,000 after purchasing an additional 554,826 shares in the last quarter. O ROURKE & COMPANY Inc raised its holdings in Citigroup by 7.1% during the 1st quarter. O ROURKE & COMPANY Inc now owns 4,508 shares of the company’s stock worth $285,000 after buying an additional 297 shares during the period. Finally, Miracle Mile Advisors LLC lifted its stake in Citigroup by 1.0% during the first quarter. Miracle Mile Advisors LLC now owns 34,471 shares of the company’s stock valued at $2,180,000 after buying an additional 352 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 2.0 %

Shares of Citigroup stock traded up $1.25 during midday trading on Tuesday, reaching $64.68. 10,715,747 shares of the company’s stock traded hands, compared to its average volume of 15,057,245. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $64.98. The company’s 50 day simple moving average is $62.15 and its 200 day simple moving average is $58.18. The company has a market cap of $123.37 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. Equities analysts expect 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, May 24th. Shareholders of record on Monday, May 6th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.28%. Citigroup’s payout ratio is currently 62.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on C. Royal Bank of Canada boosted their price target on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Jefferies Financial Group increased their target price on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. Piper Sandler increased their price objective on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, HSBC raised their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $65.03.

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.