Citigroup Inc. $C Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC lowered its position in Citigroup Inc. (NYSE:C) by 75.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,643 shares of the company’s stock after selling 8,302 shares during the period. Blueshift Asset Management LLC’s holdings in Citigroup were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of C. Truvestments Capital LLC boosted its position in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. increased its holdings in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares during the last quarter. WPG Advisers LLC purchased a new position in Citigroup during the first quarter worth approximately $38,000. Legacy Investment Solutions LLC acquired a new position in Citigroup during the second quarter worth $38,000. Finally, Flaharty Asset Management LLC purchased a new stake in Citigroup in the 1st quarter valued at $43,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on C. Cowen reiterated a “hold” rating and set a $110.00 price target on shares of Citigroup in a report on Wednesday, October 15th. Wells Fargo & Company boosted their target price on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Bank of America increased their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods upped their price objective on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Truist Financial increased their price objective on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $108.70.

Citigroup Stock Up 1.1%

Citigroup stock opened at $107.87 on Friday. The company has a market capitalization of $193.00 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $108.71. The firm has a 50 day moving average price of $100.00 and a 200 day moving average price of $92.75.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the prior year, the firm earned $1.51 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

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.