RMR Wealth Builders Has $795,000 Stock Holdings in Citigroup Inc. (NYSE:C)

RMR Wealth Builders lessened its stake in shares of Citigroup Inc. (NYSE:C) by 2.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,205 shares of the company’s stock after selling 227 shares during the quarter. RMR Wealth Builders’ holdings in Citigroup were worth $795,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of C. Orion Capital Management LLC acquired a new stake in Citigroup in the 4th quarter worth about $28,000. American National Bank & Trust acquired a new stake in Citigroup in the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup in the 4th quarter worth about $34,000. Creative Capital Management Investments LLC acquired a new stake in Citigroup in the 4th quarter worth about $35,000. Finally, Sierra Ocean LLC acquired a new stake in Citigroup in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 0.2%

Shares of Citigroup stock opened at $78.23 on Friday. The firm has a market capitalization of $146.11 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm’s 50 day moving average is $70.65 and its 200 day moving average is $72.96. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.86%. Citigroup’s dividend payout ratio is presently 35.39%.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on C shares. Piper Sandler reissued an “overweight” rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Cowen started coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Royal Bank of Canada decreased their target price on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Finally, Morgan Stanley decreased their target price on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.30.

Citigroup Profile

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.