Advisory Resource Group Sells 2,049 Shares of Citigroup Inc. (NYSE:C)

Advisory Resource Group lowered its stake in shares of Citigroup Inc. (NYSE:C) by 3.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 67,008 shares of the company’s stock after selling 2,049 shares during the period. Advisory Resource Group’s holdings in Citigroup were worth $4,757,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC grew its stake in shares of Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock valued at $84,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Citigroup by 1.9% in the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after buying an additional 120 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC grew its position in 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 buying an additional 135 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in 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 buying an additional 137 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Citigroup by 2.4% during the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company’s stock worth $419,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of Citigroup stock opened at $78.28 on Thursday. The firm has a market cap of $146.20 billion, a PE ratio of 12.37, a PEG ratio of 0.60 and a beta of 1.33. The stock has a 50 day moving average of $71.94 and a 200 day moving average of $73.16. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s dividend payout ratio is 35.39%.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director now directly owns 13,048 shares of the company’s stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on C shares. Morgan Stanley lowered their target price on Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. The Goldman Sachs Group raised their target price on shares of Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Truist Financial dropped their price target on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Finally, TD Cowen started coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a “hold” rating and a $83.00 target price on the stock. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $84.30.

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.