Mutual Advisors LLC Sells 623 Shares of Citigroup Inc. (NYSE:C)

Mutual Advisors LLC lowered its stake in Citigroup Inc. (NYSE:C) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,468 shares of the company’s stock after selling 623 shares during the quarter. Mutual Advisors LLC’s holdings in Citigroup were worth $487,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Carmel Capital Partners LLC bought a new stake in shares of Citigroup in the third quarter worth $25,000. SkyView Investment Advisors LLC bought a new stake in shares of Citigroup in the first quarter worth $28,000. Union Savings Bank bought a new stake in shares of Citigroup in the second quarter worth $30,000. GHP Investment Advisors Inc. increased its holdings in Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. HSBC boosted their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $56.00 to $63.00 in a report on Wednesday, February 14th. Oppenheimer decreased their price objective on shares of Citigroup from $95.00 to $88.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.56.

Citigroup Stock Up 0.8 %

C stock opened at $63.24 on Friday. The stock has a market capitalization of $121.12 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.37. The firm has a 50-day moving average price of $56.30 and a 200-day moving average price of $49.05.

Citigroup (NYSE:C) last posted its earnings results on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 5.83 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.35%. Citigroup’s dividend payout ratio (DPR) is currently 53.13%.

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.