Somerset Trust Co Sells 945 Shares of Citigroup Inc. (NYSE:C)

Somerset Trust Co lowered its stake in shares of Citigroup Inc. (NYSE:CFree Report) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,539 shares of the company’s stock after selling 945 shares during the period. Somerset Trust Co’s holdings in Citigroup were worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in Citigroup in the fourth quarter worth $26,000. Frazier Financial Advisors LLC bought a new stake in Citigroup in the fourth quarter worth $29,000. Beaird Harris Wealth Management LLC boosted its stake in Citigroup by 1,962.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after buying an additional 569 shares during the period. Rakuten Securities Inc. purchased a new position in Citigroup during the fourth quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Citigroup during the fourth quarter worth $39,000. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the subject of several recent analyst reports. Evercore ISI lifted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Piper Sandler upped their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.84.

View Our Latest Stock Analysis on Citigroup

Citigroup Stock Performance

Citigroup stock traded up $0.72 during mid-day trading on Wednesday, hitting $60.78. The company had a trading volume of 15,768,053 shares, compared to its average volume of 10,425,370. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $64.98. The company’s fifty day moving average is $61.68 and its 200-day moving average is $57.24. The company has a market capitalization of $115.93 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 0.90 and a beta of 1.48.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts predict that Citigroup Inc. will post 5.96 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were given a $0.53 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.49%. Citigroup’s dividend payout ratio is presently 62.72%.

About Citigroup

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:CFree Report).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.