NBC Securities Inc. Sells 1,305 Shares of Citigroup Inc. (NYSE:C)

NBC Securities Inc. lowered its position in shares of Citigroup Inc. (NYSE:CFree Report) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,265 shares of the company’s stock after selling 1,305 shares during the period. NBC Securities Inc.’s holdings in Citigroup were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in C. Orion Capital Management LLC bought a new position in Citigroup during the 4th quarter worth $26,000. AlphaMark Advisors LLC increased its stake in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares during the period. OFI Invest Asset Management bought a new position in Citigroup during the 3rd quarter worth $35,000. Rakuten Securities Inc. bought a new position in Citigroup during the 4th quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Citigroup during the 4th quarter worth $39,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Piper Sandler lifted their price target on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Finally, HSBC lifted their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.85.

View Our Latest Stock Analysis on C

Citigroup Trading Up 0.3 %

NYSE C opened at $63.58 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.97. The company has a market cap of $121.28 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. The business’s fifty day moving average is $60.74 and its 200 day moving average is $53.97.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings data 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 quarter last year, the business posted $1.86 EPS. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is presently 62.72%.

Citigroup Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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