Sigma Planning Corp Has $387,000 Stock Position in Citigroup Inc. (NYSE:C)

Sigma Planning Corp lowered its position in shares of Citigroup Inc. (NYSE:C) by 61.0% in the fourth quarter, HoldingsChannel reports. The firm owned 7,531 shares of the company’s stock after selling 11,795 shares during the period. Sigma Planning Corp’s holdings in Citigroup were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in C. Carmel Capital Partners LLC bought a new position in shares of Citigroup in the 3rd quarter valued at about $25,000. GHP Investment Advisors Inc. boosted its stake in shares of Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Citigroup in the 3rd quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $35,000. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research report on Wednesday, January 3rd. Piper Sandler raised their target price on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Oppenheimer dropped their target price on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Price Performance

NYSE:C opened at $62.64 on Friday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a fifty day simple moving average of $59.09 and a 200 day simple moving average of $51.92. The stock has a market capitalization of $119.97 billion, a PE ratio of 18.53, a P/E/G ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the previous year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

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.