Citigroup Inc. (NYSE:C) Shares Sold by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc trimmed its holdings in Citigroup Inc. (NYSE:C) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,027 shares of the company’s stock after selling 150 shares during the period. Richard P Slaughter Associates Inc’s holdings in Citigroup were worth $2,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. raised its position in Citigroup by 2.3% in the second quarter. American Century Companies Inc. now owns 339,400 shares of the company’s stock valued at $21,538,000 after purchasing an additional 7,778 shares during the period. Wealthspire Advisors LLC boosted its holdings in Citigroup by 13.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 3,977 shares of the company’s stock valued at $252,000 after acquiring an additional 457 shares during the period. Brown Brothers Harriman & Co. grew its position in Citigroup by 116.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 10,622 shares of the company’s stock valued at $674,000 after acquiring an additional 5,724 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in Citigroup by 36.3% during the second quarter. Citizens Financial Group Inc. RI now owns 11,759 shares of the company’s stock worth $746,000 after purchasing an additional 3,131 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Citigroup by 10.3% during the second quarter. Renaissance Technologies LLC now owns 1,278,643 shares of the company’s stock worth $81,143,000 after purchasing an additional 119,123 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 $73.59 on Wednesday. The business has a 50 day moving average price of $70.60 and a 200 day moving average price of $65.22. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $139.18 billion, a P/E ratio of 21.33, a PEG ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 1-year low of $50.51 and a 1-year high of $74.29.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 EPS. Sell-side analysts expect that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.04%. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Evercore ISI upped their price objective on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $95.00 in a report on Monday, January 6th. Piper Sandler upped their price target on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley reduced their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $80.13.

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.