Citigroup Inc. (NYSE:C) Shares Sold by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC lowered its position in Citigroup Inc. (NYSE:C) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,665 shares of the company’s stock after selling 240 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Citigroup were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Clarius Group LLC increased its holdings in shares of Citigroup by 101.8% during the first quarter. Clarius Group LLC now owns 20,164 shares of the company’s stock valued at $1,431,000 after purchasing an additional 10,171 shares during the period. GSB Wealth Management LLC grew its position in Citigroup by 39.5% in the 1st quarter. GSB Wealth Management LLC now owns 4,080 shares of the company’s stock valued at $290,000 after buying an additional 1,155 shares in the last quarter. Marest Capital LLC increased its stake in Citigroup by 9.9% during the 1st quarter. Marest Capital LLC now owns 8,326 shares of the company’s stock valued at $591,000 after buying an additional 753 shares during the period. Global Trust Asset Management LLC raised its position in shares of Citigroup by 263.2% during the 1st quarter. Global Trust Asset Management LLC now owns 2,575 shares of the company’s stock worth $183,000 after buying an additional 1,866 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in shares of Citigroup by 3.0% in the 1st quarter. Insigneo Advisory Services LLC now owns 27,933 shares of the company’s stock worth $1,983,000 after acquiring an additional 824 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Transactions at Citigroup

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

Wall Street Analyst Weigh In

C has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Evercore ISI lowered their price target on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group boosted their price objective on Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Finally, Truist Financial lowered their target price on Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.30.

Citigroup Price Performance

NYSE C opened at $78.28 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a market cap of $146.20 billion, a PE ratio of 12.37, a PEG ratio of 0.60 and a beta of 1.33. The stock’s 50-day moving average price is $71.94 and its two-hundred day moving average price is $73.16.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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

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.