Citigroup Inc. (NYSE:C) Shares Sold by Consolidated Investment Group LLC

Consolidated Investment Group LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 89,767 shares of the company’s stock after selling 6,144 shares during the quarter. Consolidated Investment Group LLC’s holdings in Citigroup were worth $4,618,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. boosted its holdings in Citigroup by 24.5% during the first quarter. Panagora Asset Management Inc. now owns 29,752 shares of the company’s stock worth $1,589,000 after buying an additional 5,853 shares in the last quarter. Zions Bancorporation N.A. increased its stake in shares of Citigroup by 50.5% in the 1st quarter. Zions Bancorporation N.A. now owns 6,256 shares of the company’s stock valued at $334,000 after purchasing an additional 2,100 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Citigroup by 20.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 5,274 shares of the company’s stock worth $282,000 after purchasing an additional 907 shares during the period. Ergoteles LLC purchased a new position in Citigroup during the first quarter worth approximately $761,000. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in Citigroup by 7.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 4,077 shares of the company’s stock valued at $218,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.8 %

NYSE C opened at $63.24 on Friday. The firm’s 50-day moving average is $56.30 and its two-hundred day moving average is $49.05. The stock has a market capitalization of $121.12 billion, a P/E ratio of 15.85, a PEG ratio of 1.75 and a beta of 1.50. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.37. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last announced its earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The firm had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $18.71 billion. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.83 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 53.13%.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Daiwa Capital Markets upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, December 18th. Piper Sandler upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $56.00 to $63.00 in a research report on Wednesday, February 14th. BMO Capital Markets cut Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.56.

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.