Gradient Investments LLC Has $207,000 Stake in Citigroup Inc. (NYSE:C)

Gradient Investments LLC trimmed its position in shares of Citigroup Inc. (NYSE:CGet Rating) by 6.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,511 shares of the company’s stock after selling 313 shares during the period. Gradient Investments LLC’s holdings in Citigroup were worth $207,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Griffin Asset Management Inc. increased its holdings in Citigroup by 11.6% during the first quarter. Griffin Asset Management Inc. now owns 6,260 shares of the company’s stock worth $334,000 after buying an additional 653 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Citigroup by 6.7% in the first quarter. Private Trust Co. NA now owns 15,817 shares of the company’s stock valued at $845,000 after purchasing an additional 997 shares during the last quarter. Acropolis Investment Management LLC acquired a new position in shares of Citigroup in the first quarter valued at $122,000. Golden Green Inc. increased its holdings in shares of Citigroup by 47.8% in the first quarter. Golden Green Inc. now owns 21,259 shares of the company’s stock valued at $1,135,000 after purchasing an additional 6,879 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA increased its holdings in shares of Citigroup by 9.9% in the first quarter. Compagnie Lombard Odier SCmA now owns 13,816 shares of the company’s stock valued at $738,000 after purchasing an additional 1,250 shares during the last quarter. 71.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

C has been the topic of several research reports. Morgan Stanley decreased their price objective on shares of Citigroup from $57.00 to $46.00 and set an “underweight” rating on the stock in a report on Tuesday, July 12th. Cfra reiterated a “buy” rating and issued a $62.00 price objective on shares of Citigroup in a report on Friday, July 15th. Piper Sandler decreased their price objective on shares of Citigroup from $70.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. UBS Group upped their price objective on shares of Citigroup from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, July 18th. Finally, Royal Bank of Canada reduced their target price on shares of Citigroup from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, June 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.19.

Citigroup Trading Down 2.1 %

C opened at $47.25 on Wednesday. Citigroup Inc. has a twelve month low of $43.44 and a twelve month high of $73.72. The company has a 50-day simple moving average of $50.72 and a 200 day simple moving average of $50.90. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $91.51 billion, a price-to-earnings ratio of 6.04, a P/E/G ratio of 0.58 and a beta of 1.60.

Citigroup (NYSE:CGet Rating) last posted its quarterly earnings data on Friday, July 15th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.63. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $18.32 billion. During the same quarter in the prior year, the business posted $2.84 earnings per share. Citigroup’s revenue was up 10.6% compared to the same quarter last year. Analysts predict that Citigroup Inc. will post 7.37 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Monday, August 1st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, July 29th. This represents a $2.04 annualized dividend and a yield of 4.32%. Citigroup’s dividend payout ratio is 26.09%.

Insider Buying and Selling

In other news, insider Citigroup Inc sold 4,614,358 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $36.25, for a total value of $167,270,477.50. Following the completion of the transaction, the insider now owns 15,318 shares of the company’s stock, valued at $555,277.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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