Community Trust & Investment Co. Sells 1,617 Shares of Citigroup Inc. (NYSE:C)

Community Trust & Investment Co. lowered its position in Citigroup Inc. (NYSE:C – Get Rating) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 213,115 shares of the company’s stock after selling 1,617 shares during the quarter. Community Trust & Investment Co.’s holdings in Citigroup were worth $9,639,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Wade G W & Inc. raised its position in Citigroup by 5.0% in the second quarter. Wade G W & Inc. now owns 4,708 shares of the company’s stock valued at $217,000 after purchasing an additional 224 shares during the period. Lehman & Derafelo Financial Resources LLC raised its holdings in Citigroup by 4.2% in the 3rd quarter. Lehman & Derafelo Financial Resources LLC now owns 6,240 shares of the company’s stock valued at $260,000 after buying an additional 253 shares during the period. Parsons Capital Management Inc. RI lifted its position in Citigroup by 0.8% in the third quarter. Parsons Capital Management Inc. RI now owns 30,355 shares of the company’s stock valued at $1,265,000 after buying an additional 253 shares during the last quarter. LVZ Inc. boosted its stake in Citigroup by 4.7% during the third quarter. LVZ Inc. now owns 5,657 shares of the company’s stock worth $236,000 after buying an additional 255 shares during the period. Finally, ICA Group Wealth Management LLC increased its position in shares of Citigroup by 2.1% during the third quarter. ICA Group Wealth Management LLC now owns 12,294 shares of the company’s stock valued at $512,000 after acquiring an additional 255 shares during the last quarter. 70.90% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

NYSE:C traded down $1.37 during trading hours on Friday, hitting $44.25. 37,130,222 shares of the company traded hands, compared to its average volume of 20,003,648. The stock has a market capitalization of $86.01 billion, a price-to-earnings ratio of 6.32, a P/E/G ratio of 1.59 and a beta of 1.59. Citigroup Inc. has a twelve month low of $40.01 and a twelve month high of $58.25. The firm has a 50-day moving average of $50.17 and a 200 day moving average of $47.41. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.49.

Citigroup (NYSE:C – Get Rating) last posted its earnings results on Friday, January 13th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.08). Citigroup had a return on equity of 8.14% and a net margin of 14.73%. The firm had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.91 billion. On average, analysts forecast that Citigroup Inc. will post 5.94 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Monday, February 6th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 4.61%. Citigroup’s payout ratio is presently 29.14%.

Insider Buying and Selling at Citigroup

In other Citigroup news, insider Michael Whitaker sold 12,500 shares of Citigroup stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $51.63, for a total value of $645,375.00. Following the transaction, the insider now owns 239,429 shares of the company’s stock, valued at $12,361,719.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Sara Wechter sold 2,950 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $50.77, for a total value of $149,771.50. Following the completion of the sale, the insider now directly owns 82,779 shares in the company, valued at approximately $4,202,689.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Whitaker sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $51.63, for a total transaction of $645,375.00. Following the sale, the insider now owns 239,429 shares of the company’s stock, valued at $12,361,719.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,353 shares of company stock worth $1,403,390. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

C has been the subject of several recent research reports. StockNews.com assumed coverage on shares of Citigroup in a research note on Thursday. They issued a “hold” rating for the company. Morgan Stanley dropped their price target on shares of Citigroup from $45.00 to $41.00 and set an “underweight” rating on the stock in a research note on Friday, January 6th. Bank of America lifted their target price on Citigroup from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, January 16th. TheStreet raised shares of Citigroup from a “c+” rating to a “b-” rating in a report on Monday, March 6th. Finally, Piper Sandler increased their price target on Citigroup from $47.00 to $51.00 in a report on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.47.

About Citigroup

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.