Jamison Private Wealth Management Inc. Decreases Stock Position in Citigroup Inc. (NYSE:C)

Jamison Private Wealth Management Inc. lowered its stake in Citigroup Inc. (NYSE:C) by 21.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,652 shares of the company’s stock after selling 2,932 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Citigroup were worth $756,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Orion Capital Management LLC bought a new stake in shares of Citigroup in the fourth quarter worth about $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the first quarter worth about $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup in the fourth quarter worth about $34,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup in the fourth quarter worth about $39,000. Finally, Whipplewood Advisors LLC grew its stake in shares of Citigroup by 79.2% in the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company’s stock worth $40,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $78.39 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The business’s 50-day simple moving average is $72.60 and its two-hundred day simple moving average is $73.26. The stock has a market cap of $146.41 billion, a PE ratio of 12.38, a P/E/G ratio of 0.60 and a beta of 1.33. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74.

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

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

C has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Evercore ISI cut their price target on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their price target on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley lowered their price objective on Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group increased their price target on Citigroup from $75.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.30.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.