Citigroup Inc. (NYSE:C) Shares Sold by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC lowered its stake in Citigroup Inc. (NYSE:C) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,761 shares of the company’s stock after selling 1,475 shares during the period. Citigroup comprises 1.4% of Bridge Creek Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. Bridge Creek Capital Management LLC’s holdings in Citigroup were worth $4,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. grew its holdings in Citigroup by 34.8% during the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after acquiring an additional 20,000 shares during the period. HighTower Advisors LLC raised its position in shares of Citigroup by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock worth $22,236,000 after purchasing an additional 8,301 shares during the last quarter. KBC Group NV increased its position in Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock worth $71,270,000 after purchasing an additional 20,291 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock valued at $24,710,000 after buying an additional 18,278 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in shares of Citigroup by 8.6% during the 3rd quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock worth $21,210,000 after purchasing an additional 26,882 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on C shares. Piper Sandler boosted their price objective on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Oppenheimer reduced their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley reduced their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Finally, Truist Financial started coverage on shares of Citigroup in a research note on Tuesday, January 7th. They set a “buy” rating and a $85.00 target price for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Stock Up 1.0 %

Shares of C stock traded up $0.68 on Monday, reaching $72.08. 8,092,538 shares of the company’s stock traded hands, compared to its average volume of 13,330,678. The company has a market capitalization of $136.32 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $74.29. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day moving average price is $70.19 and its two-hundred day moving average price is $65.07.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. On average, equities analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.11%. Citigroup’s payout ratio is 64.93%.

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.