Dowling & Yahnke LLC Cuts Position in Citigroup Inc. (NYSE:C)

Dowling & Yahnke LLC lessened its holdings in Citigroup Inc. (NYSE:CGet Rating) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,214 shares of the company’s stock after selling 1,883 shares during the period. Dowling & Yahnke LLC’s holdings in Citigroup were worth $4,663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in C. Evolution Wealth Advisors LLC increased its stake in shares of Citigroup by 6.1% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 2,615 shares of the company’s stock worth $184,000 after purchasing an additional 150 shares during the last quarter. Hyman Charles D increased its stake in shares of Citigroup by 3.5% during the 3rd quarter. Hyman Charles D now owns 4,711 shares of the company’s stock worth $331,000 after purchasing an additional 158 shares during the last quarter. AM Investment Strategies LLC increased its stake in shares of Citigroup by 0.7% during the 4th 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 last quarter. Adirondack Trust Co. increased its stake in shares of Citigroup by 6.8% during the 3rd quarter. Adirondack Trust Co. now owns 2,635 shares of the company’s stock worth $182,000 after purchasing an additional 167 shares during the last quarter. Finally, Affinity Investment Advisors LLC increased its stake in shares of Citigroup by 3.5% during the 4th 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 last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.

C traded down $1.24 during trading on Tuesday, reaching $48.65. The company had a trading volume of 822,881 shares, compared to its average volume of 27,342,115. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.92 and a quick ratio of 0.92. Citigroup Inc. has a 12 month low of $47.78 and a 12 month high of $80.29. The business’s fifty day moving average price is $53.37 and its 200 day moving average price is $60.79. The company has a market cap of $96.37 billion, a P/E ratio of 5.79, a PEG ratio of 0.66 and a beta of 1.61.

Citigroup (NYSE:CGet Rating) last posted its quarterly earnings data on Thursday, April 14th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.47. Citigroup had a net margin of 22.95% and a return on equity of 10.96%. The company had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.12 billion. During the same period last year, the company earned $3.62 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that Citigroup Inc. will post 6.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 2nd will be issued a $0.51 dividend. The ex-dividend date is Friday, April 29th. This represents a $2.04 annualized dividend and a dividend yield of 4.19%. Citigroup’s dividend payout ratio is currently 24.06%.

Several analysts recently issued reports on C shares. Credit Suisse Group decreased their price objective on shares of Citigroup from $72.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 7th. Morgan Stanley downgraded shares of Citigroup from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $75.00 to $60.00 in a report on Monday, March 28th. Wells Fargo & Company decreased their price objective on shares of Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, March 14th. Oppenheimer reduced their price target on shares of Citigroup from $100.00 to $93.00 in a report on Tuesday, May 3rd. Finally, Piper Sandler reduced their price target on shares of Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.48.

In other Citigroup news, insider Sara Wechter sold 14,800 shares of the company’s stock in a transaction on Friday, February 11th. The shares were sold at an average price of $68.56, for a total value of $1,014,688.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by insiders.

Citigroup 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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