CX Institutional Has $971,000 Stock Holdings in Citigroup Inc. (NYSE:C)

CX Institutional trimmed its position in Citigroup Inc. (NYSE:C) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,680 shares of the company’s stock after selling 180 shares during the period. CX Institutional’s holdings in Citigroup were worth $971,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of C. Orion Capital Management LLC bought a new stake in Citigroup during the 4th quarter worth approximately $28,000. American National Bank & Trust bought a new stake in Citigroup during the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. bought a new stake in Citigroup during the 4th quarter worth approximately $34,000. Creative Capital Management Investments LLC bought a new stake in Citigroup during the 4th quarter worth approximately $35,000. Finally, Sierra Ocean LLC bought a new stake in Citigroup during the 4th quarter worth approximately $37,000. 71.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $78.23 on Friday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. 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 firm has a fifty day simple moving average of $70.65 and a 200 day simple moving average of $72.96. The stock has a market capitalization of $146.11 billion, a PE ratio of 13.15, a P/E/G ratio of 0.64 and a beta of 1.33.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s dividend payout ratio is 35.39%.

Analysts Set New Price Targets

C has been the subject of several research reports. Evercore ISI decreased their price target on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. TD Cowen initiated coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a “hold” rating and a $83.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating and set a $77.00 price target (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Royal Bank of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 price target (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.30.

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.