American International Group Inc. Sells 7,178 Shares of Citigroup Inc. (NYSE:C)

American International Group Inc. lowered its position in Citigroup Inc. (NYSE:CFree Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 486,129 shares of the company’s stock after selling 7,178 shares during the quarter. American International Group Inc.’s holdings in Citigroup were worth $25,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in C. Abel Hall LLC acquired a new position in shares of Citigroup during the fourth quarter worth $225,000. Beaird Harris Wealth Management LLC increased its stake in shares of Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after buying an additional 569 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Citigroup in the fourth quarter worth approximately $988,000. Sierra Summit Advisors LLC bought a new stake in Citigroup in the fourth quarter valued at approximately $204,000. Finally, Proathlete Wealth Management LLC acquired a new stake in Citigroup during the 4th quarter valued at approximately $372,000. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on C shares. Evercore ISI increased their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Jefferies Financial Group lifted their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. HSBC upped their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Oppenheimer dropped their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Finally, StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.66.

View Our Latest Stock Report on Citigroup

Citigroup Stock Down 1.5 %

NYSE:C traded down $0.90 on Friday, hitting $59.33. The stock had a trading volume of 10,511,048 shares, compared to its average volume of 10,133,968. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.98. The firm’s fifty day simple moving average is $61.74 and its two-hundred day simple moving average is $56.97. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $113.17 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48.

Citigroup (NYSE:CGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same period last year, the business posted $1.86 earnings per share. Citigroup’s revenue was down 1.6% on a year-over-year basis. Analysts predict that Citigroup Inc. will post 5.96 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

About Citigroup

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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