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

Posted by Defense World Staff on Apr 22nd, 2023

Cwm LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C – Get Rating) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,003 shares of the company’s stock after selling 1,061 shares during the quarter. Cwm LLC’s holdings in Citigroup were worth $860,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in C. Panagora Asset Management Inc. lifted its holdings in shares of Citigroup by 24.5% in the first quarter. Panagora Asset Management Inc. now owns 29,752 shares of the company’s stock valued at $1,589,000 after buying an additional 5,853 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of Citigroup by 50.5% in the first quarter. Zions Bancorporation N.A. now owns 6,256 shares of the company’s stock valued at $334,000 after buying an additional 2,100 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Citigroup by 20.8% in the first quarter. Brown Brothers Harriman & Co. now owns 5,274 shares of the company’s stock valued at $282,000 after buying an additional 907 shares during the period. Ergoteles LLC acquired a new stake in shares of Citigroup in the first quarter valued at $761,000. Finally, Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Citigroup by 7.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 4,077 shares of the company’s stock valued at $218,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 70.90% of the company’s stock.

Insider Transactions at Citigroup

In other news, insider Zdenek Turek sold 12,000 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $49.87, for a total transaction of $598,440.00. Following the completion of the sale, the insider now owns 155,979 shares in the company, valued at approximately $7,778,672.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Zdenek Turek sold 12,000 shares of the stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $49.87, for a total transaction of $598,440.00. Following the completion of the sale, the insider now owns 155,979 shares in the company, valued at approximately $7,778,672.73. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Whitaker sold 12,500 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $51.63, for a total value of $645,375.00. Following the sale, the insider now owns 239,429 shares of the company’s stock, valued at approximately $12,361,719.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,353 shares of company stock worth $2,001,830. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Citigroup from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Deutsche Bank Aktiengesellschaft cut their target price on Citigroup from $52.00 to $46.00 in a research report on Friday, January 6th. BMO Capital Markets boosted their target price on Citigroup from $56.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday, April 17th. Oppenheimer boosted their target price on Citigroup from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Monday, April 17th. Finally, TheStreet raised Citigroup from a “c+” rating to a “b-” rating in a research report on Monday, March 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.74.

Citigroup Stock Performance

Shares of C stock opened at $49.03 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.95 and a quick ratio of 0.94. Citigroup Inc. has a fifty-two week low of $40.01 and a fifty-two week high of $54.56. The stock’s 50-day moving average is $48.16 and its two-hundred day moving average is $47.34. The firm has a market cap of $95.30 billion, a P/E ratio of 6.84, a PEG ratio of 1.64 and a beta of 1.57.

Citigroup (NYSE:C – Get Rating) last released its quarterly earnings results on Friday, April 14th. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.53. The company had revenue of $21.40 billion during the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 7.84% and a net margin of 12.96%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.02 EPS. Analysts predict that Citigroup Inc. will post 5.96 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, April 28th. This represents a $2.04 annualized dividend and a dividend yield of 4.16%. Citigroup’s dividend payout ratio (DPR) is presently 28.45%.

About Citigroup

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.