Citigroup Inc. (NYSE:C) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its position in Citigroup Inc. (NYSE:C) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,063,750 shares of the company’s stock after selling 31,122 shares during the quarter. Toronto Dominion Bank’s holdings in Citigroup were worth $74,877,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of C. Core Alternative Capital boosted its holdings in Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the period. Webster Bank N. A. raised its position in Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Creative Capital Management Investments LLC purchased a new position in shares of Citigroup in the 4th quarter valued at about $35,000. Sierra Ocean LLC acquired a new position in shares of Citigroup during the fourth quarter worth about $37,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Citigroup during the fourth quarter worth approximately $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 0.4%

NYSE:C opened at $75.66 on Friday. The company has a market capitalization of $141.31 billion, a PE ratio of 12.72, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The stock’s 50 day moving average price is $68.12 and its 200 day moving average price is $71.92. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The business 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%. On average, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, May 5th. Citigroup’s payout ratio is currently 35.39%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on C shares. TD Cowen started coverage on shares of Citigroup in a research note on Thursday. They issued a “hold” rating and a $83.00 price target for the company. Royal Bank of Canada decreased their price objective on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. Piper Sandler reissued an “overweight” rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Morgan Stanley cut their price target on Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, The Goldman Sachs Group lowered their price objective on Citigroup from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.97.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is currently owned by company insiders.

Citigroup Company 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.