Moody National Bank Trust Division Has $3.19 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Moody National Bank Trust Division trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,901 shares of the company’s stock after selling 1,303 shares during the quarter. Moody National Bank Trust Division’s holdings in Citigroup were worth $3,188,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Core Alternative Capital increased its position in Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Orion Capital Management LLC acquired a new position in Citigroup during the 4th quarter worth approximately $28,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup during the 4th quarter worth approximately $34,000. Creative Capital Management Investments LLC acquired a new position in Citigroup during the 4th quarter worth approximately $35,000. Finally, Sierra Ocean LLC acquired a new position in Citigroup during the 4th quarter worth approximately $37,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the subject of several recent research reports. Wall Street Zen cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. decreased their price target on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Morgan Stanley decreased their price target on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Cowen initiated coverage on shares of Citigroup in a research report on Wednesday, May 14th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.97.

Citigroup Stock Performance

Shares of C opened at $75.51 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $141.03 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The firm’s fifty day simple moving average is $68.87 and its two-hundred day simple moving average is $72.40. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. As a group, analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.97%. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director now owns 13,048 shares of the company’s stock, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.08% of the company’s stock.

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.