Prudent Man Advisors LLC Reduces Position in Citigroup Inc. (NYSE:C)

Prudent Man Advisors LLC cut its holdings in shares of Citigroup Inc. (NYSE:CGet Rating) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,574 shares of the company’s stock after selling 2,897 shares during the quarter. Prudent Man Advisors LLC’s holdings in Citigroup were worth $1,605,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in C. Bell Investment Advisors Inc acquired a new position in Citigroup during the third quarter valued at approximately $26,000. Disciplined Investments LLC acquired a new position in shares of Citigroup in the 4th quarter valued at about $26,000. Outfitter Financial LLC acquired a new position in Citigroup in the fourth quarter worth approximately $30,000. FSB Premier Wealth Management Inc. acquired a new position in Citigroup during the fourth quarter valued at approximately $31,000. Finally, AHL Investment Management Inc. bought a new stake in shares of Citigroup in the fourth quarter valued at approximately $32,000. 74.91% of the stock is currently owned by institutional investors.

C has been the subject of several research reports. Morgan Stanley cut shares of Citigroup from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $75.00 to $60.00 in a research note on Monday, March 28th. Piper Sandler lowered 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. Oppenheimer lowered their price target on shares of Citigroup from $100.00 to $93.00 in a report on Tuesday, May 3rd. Atlantic Securities downgraded shares of Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Thursday, March 3rd. Finally, Barclays dropped their target price on shares of Citigroup from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.48.

Shares of C traded down $1.10 during trading hours on Thursday, hitting $46.56. 35,903,812 shares of the company were exchanged, compared to its average volume of 27,517,527. The company has a market cap of $92.23 billion, a price-to-earnings ratio of 5.37, a P/E/G ratio of 0.66 and a beta of 1.61. The firm’s fifty day moving average is $52.95 and its 200 day moving average is $60.62. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.42. Citigroup Inc. has a fifty-two week low of $45.40 and a fifty-two week high of $80.29.

Citigroup (NYSE:CGet Rating) last posted its earnings results on Thursday, April 14th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.55 by $0.47. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. The business had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.12 billion. During the same period in the previous year, the business earned $3.62 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 6.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 2nd will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Friday, April 29th. Citigroup’s dividend payout ratio (DPR) is 24.06%.

In related news, insider Sara Wechter sold 14,800 shares of the company’s stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $68.56, for a total transaction of $1,014,688.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by insiders.

About Citigroup (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).

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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