Citigroup Inc. (NYSE:C) Position Increased by Monument Capital Management

Monument Capital Management boosted its holdings in shares of Citigroup Inc. (NYSE:CGet Rating) by 34.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,208 shares of the company’s stock after buying an additional 1,575 shares during the period. Monument Capital Management’s holdings in Citigroup were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. AM Investment Strategies LLC lifted its stake in Citigroup by 0.7% during the fourth quarter. AM Investment Strategies LLC now owns 22,279 shares of the company’s stock worth $1,345,000 after purchasing an additional 164 shares during the period. Affinity Investment Advisors LLC lifted its stake in Citigroup by 3.5% during the fourth quarter. Affinity Investment Advisors LLC now owns 5,083 shares of the company’s stock worth $307,000 after purchasing an additional 172 shares during the period. Cape ANN Savings Bank raised its stake in shares of Citigroup by 1.4% in the third quarter. Cape ANN Savings Bank now owns 13,355 shares of the company’s stock valued at $937,000 after acquiring an additional 180 shares during the last quarter. Connable Office Inc. raised its stake in shares of Citigroup by 0.3% in the fourth quarter. Connable Office Inc. now owns 57,976 shares of the company’s stock valued at $3,501,000 after acquiring an additional 196 shares during the last quarter. Finally, Culbertson A N & Co Inc raised its stake in shares of Citigroup by 0.9% in the fourth quarter. Culbertson A N & Co Inc now owns 22,654 shares of the company’s stock valued at $1,368,000 after acquiring an additional 199 shares during the last quarter. 74.91% of the stock is currently owned by hedge funds and other institutional investors.

C traded down $0.82 during trading on Thursday, reaching $46.38. 403,865 shares of the company’s stock were exchanged, compared to its average volume of 20,099,282. The company’s fifty day moving average price is $50.22 and its 200-day moving average price is $56.95. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.92. Citigroup Inc. has a fifty-two week low of $45.40 and a fifty-two week high of $74.64. The firm has a market capitalization of $91.87 billion, a PE ratio of 5.57, a P/E/G ratio of 0.62 and a beta of 1.60.

Citigroup (NYSE:CGet Rating) last released its earnings results on Thursday, April 14th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.28. Citigroup had a net margin of 22.95% and a return on equity of 10.96%. The firm had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.12 billion. During the same quarter in the previous year, the business earned $3.62 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. Research analysts forecast that Citigroup Inc. will post 6.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Monday, May 2nd were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Friday, April 29th. Citigroup’s dividend payout ratio is presently 24.06%.

C has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, March 14th. Atlantic Securities cut shares of Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Thursday, March 3rd. Keefe, Bruyette & Woods cut shares of Citigroup from an “outperform” rating to a “market perform” rating and cut their target price for the company from $81.00 to $64.00 in a research note on Thursday, March 3rd. Morgan Stanley cut shares of Citigroup from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $75.00 to $60.00 in a research note on Monday, March 28th. Finally, Piper Sandler cut their target price on shares of Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.87.

Citigroup Company Profile (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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