DT Investment Partners LLC Sells 498 Shares of Citigroup Inc. (NYSE:C)

DT Investment Partners LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,489 shares of the company’s stock after selling 498 shares during the quarter. DT Investment Partners LLC’s holdings in Citigroup were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Snider Financial Group grew its holdings in Citigroup by 96,645.9% during the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after acquiring an additional 84,407,589 shares during the last quarter. Norges Bank bought a new stake in Citigroup during the 4th quarter worth approximately $631,922,000. Moneta Group Investment Advisors LLC lifted its position in shares of Citigroup by 87,332.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock worth $339,738,000 after purchasing an additional 7,502,751 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Citigroup in the 4th quarter worth approximately $2,109,120,000. Finally, Greenhaven Associates Inc. lifted its position in shares of Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares during the period. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research report on Wednesday, January 10th. Piper Sandler boosted their target price on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Barclays boosted their target price on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Stock Up 1.4 %

Shares of NYSE C traded up $0.82 during trading on Friday, hitting $59.14. The stock had a trading volume of 13,410,056 shares, compared to its average volume of 15,644,248. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $113.27 billion, a PE ratio of 17.50, a PEG ratio of 0.88 and a beta of 1.52. The firm has a fifty day moving average of $58.30 and a two-hundred day moving average of $51.16.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the prior year, the business posted $1.86 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Citigroup Inc. will post 5.91 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.58%. Citigroup’s payout ratio is currently 62.72%.

Citigroup Profile

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.