Capital International Ltd. CA Sells 39,792 Shares of Citigroup Inc. (NYSE:C)

Capital International Ltd. CA lowered its stake in Citigroup Inc. (NYSE:CGet Rating) by 41.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,700 shares of the company’s stock after selling 39,792 shares during the period. Capital International Ltd. CA’s holdings in Citigroup were worth $3,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nvwm LLC raised its position in shares of Citigroup by 196.3% in the 1st quarter. Nvwm LLC now owns 554 shares of the company’s stock worth $30,000 after purchasing an additional 367 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Citigroup in the 4th quarter worth about $31,000. Cyrus J. Lawrence LLC purchased a new position in shares of Citigroup in the 1st quarter worth about $32,000. Rational Advisors LLC raised its position in Citigroup by 71.1% in the 1st quarter. Rational Advisors LLC now owns 592 shares of the company’s stock worth $32,000 after buying an additional 246 shares during the last quarter. Finally, DeDora Capital Inc. purchased a new position in Citigroup in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 71.46% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $48.43 on Thursday. The stock’s fifty day moving average is $50.60 and its 200 day moving average is $51.24. Citigroup Inc. has a fifty-two week low of $43.44 and a fifty-two week high of $73.72. The firm has a market capitalization of $93.79 billion, a PE ratio of 6.19, a PEG ratio of 0.61 and a beta of 1.60. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.93 and a current ratio of 0.93.

Citigroup (NYSE:CGet Rating) last posted its quarterly earnings results on Friday, July 15th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.63. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The business had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $18.32 billion. During the same quarter in the prior year, the company earned $2.84 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.37 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Monday, August 1st were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Friday, July 29th. Citigroup’s payout ratio is currently 26.09%.

Insider Activity at Citigroup

In related news, insider Citigroup Inc sold 4,614,358 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $36.25, for a total transaction of $167,270,477.50. Following the sale, the insider now owns 15,318 shares of the company’s stock, valued at $555,277.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on C. Wells Fargo & Company decreased their target price on Citigroup from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. Jefferies Financial Group decreased their target price on Citigroup from $54.00 to $48.00 in a research report on Monday, July 11th. Odeon Capital Group lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Piper Sandler decreased their target price on Citigroup from $70.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. Finally, Oppenheimer boosted their price target on Citigroup from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Hold” and an average target price of $62.31.

Citigroup Company Profile

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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

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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