Citigroup Inc. (NYSE:C) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its stake in Citigroup Inc. (NYSE:C) by 92.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 811 shares of the company’s stock after selling 10,370 shares during the quarter. Sentry Investment Management LLC’s holdings in Citigroup were worth $42,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Sippican Capital Advisors grew its holdings in shares of Citigroup by 0.6% during the 4th quarter. Sippican Capital Advisors now owns 39,234 shares of the company’s stock worth $2,018,000 after purchasing an additional 219 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Citigroup by 8.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,453 shares of the company’s stock worth $229,000 after acquiring an additional 357 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Citigroup in the fourth quarter worth $612,000. Louisiana State Employees Retirement System purchased a new position in shares of Citigroup in the 4th quarter valued at $5,952,000. Finally, MV Capital Management Inc. lifted its holdings in shares of Citigroup by 25.2% during the 4th quarter. MV Capital Management Inc. now owns 3,395 shares of the company’s stock valued at $175,000 after acquiring an additional 683 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $58.32 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $111.70 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 0.86 and a beta of 1.52. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90. The company’s 50-day simple moving average is $58.19 and its 200-day simple moving average is $51.03.

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.64%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Wednesday, January 3rd. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a report on Wednesday, January 10th. Piper Sandler upped their price target on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI increased their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Company 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.