Gleason Group Inc. Sells 9,335 Shares of Citigroup Inc. (NYSE:C)

Gleason Group Inc. lowered its stake in Citigroup Inc. (NYSE:C – Get Rating) by 79.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,466 shares of the company’s stock after selling 9,335 shares during the quarter. Gleason Group Inc.’s holdings in Citigroup were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Citigroup by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 165,678,243 shares of the company’s stock valued at $6,903,812,000 after purchasing an additional 1,316,516 shares during the period. Snider Financial Group raised its stake in Citigroup by 96,645.9% during the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after purchasing an additional 84,407,589 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Citigroup by 3.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,565,095 shares of the company’s stock valued at $761,829,000 after purchasing an additional 526,282 shares during the period. Artisan Partners Limited Partnership raised its stake in Citigroup by 9.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 15,631,074 shares of the company’s stock valued at $718,873,000 after purchasing an additional 1,389,718 shares during the period. Finally, Legal & General Group Plc raised its stake in Citigroup by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 15,342,406 shares of the company’s stock valued at $705,598,000 after purchasing an additional 553,863 shares during the period. Institutional investors own 70.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on C. StockNews.com began coverage on Citigroup in a research note on Thursday. They set a “hold” rating on the stock. TheStreet raised Citigroup from a “c+” rating to a “b-” rating in a research note on Monday, March 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Citigroup from $52.00 to $46.00 in a research note on Friday, January 6th. Bank of America lifted their price objective on Citigroup from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 16th. Finally, Piper Sandler lifted their price objective on Citigroup from $47.00 to $51.00 in a research note on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.47.

Citigroup Price Performance

Shares of Citigroup stock opened at $44.25 on Friday. The stock has a 50 day moving average price of $50.17 and a 200-day moving average price of $47.39. Citigroup Inc. has a one year low of $40.01 and a one year high of $58.25. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $86.01 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.59.

Citigroup (NYSE:C – Get Rating) last posted its quarterly earnings data on Friday, January 13th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.08). Citigroup had a net margin of 14.73% and a return on equity of 8.14%. The business had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.91 billion. Equities analysts expect that Citigroup Inc. will post 5.94 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Monday, February 6th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Friday, February 3rd. Citigroup’s payout ratio is currently 29.14%.

Insider Activity at Citigroup

In other Citigroup news, insider Sara Wechter sold 2,950 shares of Citigroup stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $50.77, for a total transaction of $149,771.50. Following the completion of the sale, the insider now directly owns 82,779 shares of the company’s stock, valued at approximately $4,202,689.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Citigroup news, insider Sara Wechter sold 2,950 shares of Citigroup stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $50.77, for a total transaction of $149,771.50. Following the completion of the sale, the insider now directly owns 82,779 shares of the company’s stock, valued at approximately $4,202,689.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Titilope Cole sold 11,903 shares of Citigroup stock in a transaction on Friday, February 17th. The shares were sold at an average price of $51.10, for a total value of $608,243.30. Following the sale, the chief executive officer now directly owns 65,764 shares of the company’s stock, valued at $3,360,540.40. The disclosure for this sale can be found here. Insiders sold a total of 27,353 shares of company stock worth $1,403,390 in the last quarter. 0.08% of the stock is owned by company insiders.

Citigroup Profile

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.