Brown Advisory Inc. Decreases Stock Holdings in Citigroup Inc. (NYSE:C)

Brown Advisory Inc. lessened its stake in Citigroup Inc. (NYSE:C) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,247 shares of the company’s stock after selling 17,390 shares during the period. Brown Advisory Inc.’s holdings in Citigroup were worth $8,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Citigroup in the fourth quarter worth about $26,000. Rakuten Securities Inc. purchased a new stake in Citigroup during the 4th quarter worth approximately $35,000. Tennessee Valley Asset Management Partners acquired a new position in Citigroup during the 4th quarter valued at approximately $39,000. Venturi Wealth Management LLC raised its holdings in shares of Citigroup by 52.5% in the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock worth $41,000 after buying an additional 274 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its stake in shares of Citigroup by 40.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 867 shares of the company’s stock worth $45,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of Citigroup stock opened at $64.76 on Wednesday. The business’s fifty day simple moving average is $61.40 and its 200-day simple moving average is $54.80. The firm has a market cap of $123.53 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $64.88. 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 (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 earnings per share. Equities analysts forecast that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

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 paid a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.27%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Wall Street Analyst Weigh In

Several analysts have recently commented on C shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and upped their price target for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Piper Sandler boosted their price objective on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Oppenheimer dropped their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.85.

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.