Brown Advisory Inc. Sells 26,027 Shares of Citigroup Inc. $C

Brown Advisory Inc. lessened its position in Citigroup Inc. (NYSE:C) by 6.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 398,913 shares of the company’s stock after selling 26,027 shares during the quarter. Brown Advisory Inc.’s holdings in Citigroup were worth $33,955,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its position in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the period. DHJJ Financial Advisors Ltd. increased its stake in shares of Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. WPG Advisers LLC purchased a new position in Citigroup during the 1st quarter valued at about $38,000. Legacy Investment Solutions LLC purchased a new position in Citigroup during the 2nd quarter valued at about $38,000. Finally, Flaharty Asset Management LLC bought a new stake in Citigroup during the first quarter worth about $43,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 1.1%

C stock opened at $108.95 on Friday. The stock has a market capitalization of $194.94 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.54 and a beta of 1.21. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $109.37. The business has a fifty day moving average price of $100.11 and a 200-day moving average price of $93.10.

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

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. Citigroup’s dividend payout ratio is 33.71%.

Analyst Ratings Changes

C has been the subject of several recent research reports. Oppenheimer lowered their target price on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Truist Financial boosted their target price on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, TD Cowen upped their price target on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.70.

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.