Citigroup Inc. (NYSE:C) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. trimmed its stake in shares of Citigroup Inc. (NYSE:CFree Report) by 29.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,763 shares of the company’s stock after selling 749 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Citigroup were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in C. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Citigroup by 1,962.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after buying an additional 569 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on C shares. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Evercore ISI lifted their price objective on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Jefferies Financial Group lifted their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Royal Bank of Canada lifted their price objective on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price target on shares of Citigroup in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.84.

View Our Latest Research Report on C

Citigroup Trading Up 1.2 %

Shares of NYSE:C traded up $0.75 during midday trading on Tuesday, reaching $60.81. The company’s stock had a trading volume of 15,766,336 shares, compared to its average volume of 15,159,985. The firm has a market cap of $115.99 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.98. The business has a 50 day moving average price of $61.70 and a 200 day moving average price of $57.15.

Citigroup (NYSE:CGet Free Report) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. Research analysts forecast that Citigroup Inc. will post 5.96 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

About Citigroup

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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