Adams Asset Advisors LLC Has $12.16 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Adams Asset Advisors LLC cut its position in shares of Citigroup Inc. (NYSE:C) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,242 shares of the company’s stock after selling 3,874 shares during the quarter. Citigroup accounts for 1.7% of Adams Asset Advisors LLC’s portfolio, making the stock its 16th biggest holding. Adams Asset Advisors LLC’s holdings in Citigroup were worth $12,156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC grew its position in Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after buying an additional 119 shares in the last quarter. Continuum Advisory LLC grew its position in Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after buying an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC grew its position in Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company’s stock worth $608,000 after buying an additional 135 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Citigroup by 3.4% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company’s stock worth $289,000 after buying an additional 137 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in Citigroup by 2.4% during the fourth quarter. Rakuten Securities Inc. now owns 5,953 shares of the company’s stock worth $419,000 after buying an additional 139 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Performance

NYSE:C opened at $78.28 on Thursday. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The firm has a 50 day moving average of $71.94 and a 200-day moving average of $73.16. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $146.20 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The company had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.86%. The ex-dividend date was Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the business’s stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Cowen assumed coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a “hold” rating for the company. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Truist Financial cut their price target on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Royal Bank Of Canada cut 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, Piper Sandler restated an “overweight” rating and set a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.