Citigroup Inc. (NYSE:C) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lowered its holdings in Citigroup Inc. (NYSE:C) by 66.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,147 shares of the company’s stock after selling 2,274 shares during the period. Trust Co. of Vermont’s holdings in Citigroup were worth $59,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Wealth Management boosted its stake in Citigroup by 0.5% in the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after buying an additional 192 shares in the last quarter. Founders Capital Management boosted its stake in shares of Citigroup by 12.5% in the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock valued at $93,000 after purchasing an additional 200 shares in the last quarter. Cowa LLC grew its holdings in shares of Citigroup by 3.1% in the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after purchasing an additional 200 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Citigroup by 0.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock worth $1,267,000 after purchasing an additional 200 shares in the last quarter. Finally, Rossmore Private Capital lifted its holdings in Citigroup by 1.5% during the 4th quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock valued at $710,000 after purchasing an additional 200 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

C has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a research note on Monday, April 1st. Piper Sandler raised their price target on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Oppenheimer reduced their price objective on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Royal Bank of Canada raised their target price on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.84.

Citigroup Stock Performance

C stock opened at $60.06 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $64.98. The business’s fifty day moving average is $61.70 and its 200-day moving average is $57.15. The company has a market cap of $114.56 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 5.96 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

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.