Solstein Capital LLC Trims Position in Citigroup Inc. (NYSE:C)

Solstein Capital LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 18.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after selling 225 shares during the quarter. Solstein Capital LLC’s holdings in Citigroup were worth $71,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Citigroup in the 4th quarter worth $28,000. American National Bank & Trust acquired a new stake in Citigroup during the 1st quarter worth $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the 4th quarter valued at about $34,000. Creative Capital Management Investments LLC acquired a new position in shares of Citigroup during the 4th quarter valued at about $35,000. Finally, Sierra Ocean LLC acquired a new position in shares of Citigroup during the 4th quarter valued at about $37,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Citigroup

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

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Royal Bank of Canada reduced their target price on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Finally, Cowen started coverage on shares of Citigroup in a report on Wednesday, May 14th. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.30.

Citigroup Stock Down 2.5%

Shares of NYSE:C opened at $76.30 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The stock has a market capitalization of $142.51 billion, a P/E ratio of 12.82, a PEG ratio of 0.64 and a beta of 1.33. The stock has a 50-day simple moving average of $71.01 and a 200-day simple moving average of $73.05.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The firm had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, May 5th. Citigroup’s dividend payout ratio is currently 35.39%.

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.