Citigroup Inc. (NYSE:C) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC trimmed its stake in shares of Citigroup Inc. (NYSE:CGet Rating) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,779 shares of the company’s stock after selling 411 shares during the quarter. SlateStone Wealth LLC’s holdings in Citigroup were worth $349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Poehling Capital Management LLC lifted its holdings in Citigroup by 8.6% during the 4th quarter. Poehling Capital Management LLC now owns 60,638 shares of the company’s stock worth $3,662,000 after buying an additional 4,817 shares during the last quarter. D Orazio & Associates Inc. lifted its holdings in Citigroup by 40.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 4,412 shares of the company’s stock worth $310,000 after buying an additional 1,281 shares during the last quarter. Peapack Gladstone Financial Corp lifted its holdings in Citigroup by 33.3% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 56,364 shares of the company’s stock worth $3,955,000 after buying an additional 14,068 shares during the last quarter. Sompo Asset Management Co. Ltd. purchased a new stake in shares of Citigroup in the 3rd quarter valued at about $1,117,000. Finally, Griffin Asset Management Inc. lifted its holdings in shares of Citigroup by 48.3% in the 4th quarter. Griffin Asset Management Inc. now owns 5,607 shares of the company’s stock valued at $339,000 after purchasing an additional 1,827 shares during the last quarter. 72.09% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Sara Wechter sold 14,800 shares of the stock in a transaction on Friday, February 11th. The stock was sold at an average price of $68.56, for a total value of $1,014,688.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Several analysts have recently weighed in on C shares. Oppenheimer reduced their target price on Citigroup from $120.00 to $114.00 in a report on Tuesday, January 18th. Wells Fargo & Company reduced their price objective on Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, March 14th. Credit Suisse Group reduced their price objective on Citigroup from $72.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 7th. Piper Sandler reduced their price objective on Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Finally, Jefferies Financial Group downgraded Citigroup from a “buy” rating to a “hold” rating and reduced their price objective for the company from $79.00 to $60.00 in a research note on Monday, March 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Hold” and an average price target of $73.16.

Shares of Citigroup stock traded up $0.85 during trading hours on Friday, reaching $50.88. 26,853,270 shares of the company’s stock were exchanged, compared to its average volume of 25,561,564. Citigroup Inc. has a 52-week low of $49.04 and a 52-week high of $80.29. The firm has a market capitalization of $100.79 billion, a price-to-earnings ratio of 5.05, a price-to-earnings-growth ratio of 0.62 and a beta of 1.67. The company has a fifty day moving average of $59.23 and a 200-day moving average of $63.84. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.38.

Citigroup (NYSE:CGet Rating) last issued its quarterly earnings results on Friday, January 14th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.43). Citigroup had a return on equity of 12.85% and a net margin of 27.37%. The business had revenue of $17.02 billion for the quarter, compared to analysts’ expectations of $16.78 billion. During the same period in the prior year, the company earned $2.07 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc. will post 7.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 2nd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Friday, April 29th. Citigroup’s dividend payout ratio (DPR) is currently 20.24%.

Citigroup Company Profile (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

See Also

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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