Citigroup Inc. (NYSE:C) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 86.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,195 shares of the company’s stock after selling 67,465 shares during the period. SteelPeak Wealth LLC’s holdings in Citigroup were worth $645,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Citigroup during the 4th quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new stake in Citigroup during the 4th quarter worth about $29,000. Beaird Harris Wealth Management LLC increased its holdings in Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after purchasing an additional 569 shares during the period. Rakuten Securities Inc. purchased a new stake in Citigroup during the 4th quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Citigroup during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock traded up $1.91 during midday trading on Friday, hitting $63.46. The company had a trading volume of 20,053,213 shares, compared to its average volume of 11,738,575. The company’s 50 day simple moving average is $62.06 and its 200 day simple moving average is $57.99. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $64.98. The stock has a market cap of $121.05 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 0.97 and a beta of 1.48. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.46 billion. During the same period last year, the business posted $1.86 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Research analysts anticipate that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.34%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on C shares. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. Morgan Stanley reissued an “overweight” rating and set a $65.00 target price on shares of Citigroup in a research report on Thursday, June 20th. Oppenheimer cut their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Finally, Royal Bank of Canada raised their target price on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.03.

About Citigroup

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.