Brighton Jones LLC Sells 584 Shares of Citigroup Inc. (NYSE:C)

Brighton Jones LLC lowered its stake in Citigroup Inc. (NYSE:C) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,500 shares of the company’s stock after selling 584 shares during the quarter. Brighton Jones LLC’s holdings in Citigroup were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Gryphon Financial Partners LLC raised its position in Citigroup by 215.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 15,561 shares of the company’s stock valued at $800,000 after buying an additional 10,632 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Citigroup in the fourth quarter worth $264,000. EverSource Wealth Advisors LLC boosted its holdings in Citigroup by 17.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,220 shares of the company’s stock worth $217,000 after purchasing an additional 628 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Citigroup by 0.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 153,782 shares of the company’s stock valued at $7,911,000 after purchasing an additional 454 shares in the last quarter. Finally, Commerce Bank increased its stake in Citigroup by 149.3% in the 4th quarter. Commerce Bank now owns 207,288 shares of the company’s stock valued at $10,663,000 after buying an additional 124,138 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of several analyst reports. Royal Bank of Canada raised their price objective on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Oppenheimer boosted their price target on Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Piper Sandler boosted their target price on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. Finally, BMO Capital Markets upped their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

Citigroup Stock Performance

Shares of NYSE C opened at $62.14 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $118.53 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 0.62 and a beta of 1.45. The stock’s fifty day moving average price is $61.30 and its two-hundred day moving average price is $61.46. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period last year, the firm earned $1.37 earnings per share. Citigroup’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.60%. This is an increase from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio is currently 62.75%.

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.