Triangle Securities Wealth Management Trims Stock Position in Citigroup Inc. (NYSE:C)


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Triangle Securities Wealth Management decreased its position in Citigroup Inc. (NYSE:C) by 0.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,843 shares of the company’s stock after selling 152 shares during the period. Triangle Securities Wealth Management’s holdings in Citigroup were worth $2,244,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in C. Mcmillion Capital Management Inc. bought a new stake in shares of Citigroup in the 4th quarter valued at about $27,000. Charter Oak Capital Management LLC purchased a new stake in Citigroup during the fourth quarter worth $28,000. Johnson Midwest Financial LLC bought a new stake in Citigroup during the 4th quarter valued at $29,000. Capstone Triton Financial Group LLC purchased a new position in shares of Citigroup in the 4th quarter valued at $29,000. Finally, Birchcreek Wealth Management LLC bought a new position in shares of Citigroup in the 4th quarter worth $31,000. 72.99% of the stock is currently owned by institutional investors.

C has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on Citigroup from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley boosted their price objective on shares of Citigroup from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, March 8th. Piper Sandler raised their target price on shares of Citigroup from $68.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, January 11th. Deutsche Bank Aktiengesellschaft upped their price target on Citigroup from $58.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, March 24th. Finally, Zacks Investment Research raised Citigroup from a “hold” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, December 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $73.20.

NYSE:C traded down $0.23 during mid-day trading on Monday, hitting $72.19. The company’s stock had a trading volume of 128,070 shares, compared to its average volume of 19,885,246. The business’s fifty day moving average is $71.00 and its two-hundred day moving average is $58.46. The stock has a market cap of $150.64 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.25 and a beta of 1.95. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.97 and a quick ratio of 0.97. Citigroup Inc. has a 1 year low of $38.76 and a 1 year high of $76.13.

Citigroup (NYSE:C) last issued its earnings results on Thursday, January 14th. The company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.74. The firm had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.71 billion. Citigroup had a return on equity of 6.63% and a net margin of 13.17%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 earnings per share. Analysts anticipate that Citigroup Inc. will post 6.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Monday, May 3rd will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 30th. This represents a $2.04 annualized dividend and a yield of 2.83%. Citigroup’s dividend payout ratio is presently 41.80%.

Citigroup Company Profile

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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