Dynamic Technology Lab Private Ltd Sells 7,510 Shares of Citigroup Inc. $C

Dynamic Technology Lab Private Ltd reduced its stake in Citigroup Inc. (NYSE:CFree Report) by 66.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,770 shares of the company’s stock after selling 7,510 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Citigroup were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vinva Investment Management Ltd grew its position in Citigroup by 12.0% in the third quarter. Vinva Investment Management Ltd now owns 157,534 shares of the company’s stock worth $16,251,000 after acquiring an additional 16,908 shares in the last quarter. Parallel Advisors LLC raised its position in Citigroup by 7.0% during the third quarter. Parallel Advisors LLC now owns 30,004 shares of the company’s stock valued at $3,045,000 after purchasing an additional 1,972 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its position in Citigroup by 2.0% during the third quarter. Meiji Yasuda Life Insurance Co now owns 38,623 shares of the company’s stock valued at $3,920,000 after purchasing an additional 753 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in Citigroup by 1.0% during the third quarter. Riggs Asset Managment Co. Inc. now owns 121,792 shares of the company’s stock worth $12,362,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Rosenblum Silverman Sutton S F Inc. CA bought a new stake in Citigroup during the third quarter worth about $204,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 0.2%

Shares of C opened at $109.18 on Thursday. The stock has a market capitalization of $190.99 billion, a P/E ratio of 15.66, a PEG ratio of 0.70 and a beta of 1.17. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $125.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The firm has a fifty day simple moving average of $115.13 and a two-hundred day simple moving average of $107.00.

Citigroup (NYSE:CGet Free Report) last issued its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. On average, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. Citigroup’s dividend payout ratio is presently 34.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays increased their price objective on Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. boosted their target price on Citigroup from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Piper Sandler set a $135.00 target price on Citigroup in a research note on Thursday, January 15th. Oppenheimer increased their price target on shares of Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Finally, HSBC reissued a “buy” rating and set a $87.00 price target on shares of Citigroup in a research note on Wednesday, January 7th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.25.

View Our Latest Stock Report on Citigroup

More Citigroup News

Here are the key news stories impacting Citigroup this week:

Insider Buying and Selling

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the sale, the insider owned 45,835 shares in the company, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Citigroup Company Profile

(Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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