Lifestyle Asset Management Inc. Has $254,000 Holdings in Citigroup Inc. (NYSE:C)

Lifestyle Asset Management Inc. decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 6.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,580 shares of the company’s stock after selling 264 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Citigroup were worth $254,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC increased its position in shares of Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC boosted its stake in shares of Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock valued at $459,000 after purchasing an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its stake in shares of Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company’s stock valued at $608,000 after purchasing an additional 135 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of Citigroup by 10.9% during the fourth quarter. Hemington Wealth Management now owns 1,387 shares of the company’s stock valued at $97,000 after purchasing an additional 136 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Citigroup by 3.4% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company’s stock valued at $289,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by company insiders.

Citigroup Price Performance

Shares of NYSE C opened at $76.44 on Thursday. The firm has a market capitalization of $142.77 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.64 and a beta of 1.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock’s 50-day simple moving average is $69.16 and its two-hundred day simple moving average is $72.60. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. As a group, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s dividend payout ratio is presently 35.39%.

Analysts Set New Price Targets

A number of research firms recently commented on C. Truist Financial cut their price objective on Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Oppenheimer restated an “outperform” rating on shares of Citigroup in a report on Tuesday, May 20th. Royal Bank of Canada decreased their price objective on Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler restated an “overweight” rating and set a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.97.

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.