Fort Sheridan Advisors LLC Sells 549 Shares of Citigroup Inc. (NYSE:C)

Fort Sheridan Advisors LLC trimmed its holdings in Citigroup Inc. (NYSE:CGet Rating) by 5.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,852 shares of the company’s stock after selling 549 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Citigroup were worth $526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. CWM LLC bought a new position in Citigroup in the 4th quarter worth approximately $817,000. Qube Research & Technologies Ltd boosted its position in shares of Citigroup by 119.6% during the 4th quarter. Qube Research & Technologies Ltd now owns 730,024 shares of the company’s stock valued at $44,086,000 after acquiring an additional 397,541 shares during the last quarter. AGF Investments Inc. bought a new position in shares of Citigroup during the 4th quarter valued at approximately $1,952,000. AGF Investments LLC bought a new position in shares of Citigroup during the 4th quarter valued at approximately $147,000. Finally, RFG Advisory LLC boosted its position in shares of Citigroup by 90.5% during the 4th quarter. RFG Advisory LLC now owns 11,666 shares of the company’s stock valued at $705,000 after acquiring an additional 5,541 shares during the last quarter. 74.91% of the stock is currently owned by institutional investors.

Citigroup Stock Up 0.8 %

Citigroup stock opened at $51.66 on Friday. The stock has a market capitalization of $102.33 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60. Citigroup Inc. has a 12 month low of $43.44 and a 12 month high of $74.64. The business has a 50 day simple moving average of $49.22 and a 200-day simple moving average of $53.97. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.92.

Citigroup (NYSE:CGet Rating) last issued its quarterly earnings results on Friday, July 15th. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.57. The firm had revenue of $19.64 billion for the quarter, compared to analyst estimates of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 earnings per share. On average, analysts anticipate that Citigroup Inc. will post 7.21 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, July 29th. Citigroup’s dividend payout ratio is presently 26.09%.

Analyst Upgrades and Downgrades

C has been the subject of a number of research reports. Oppenheimer increased their target price on Citigroup from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 18th. Piper Sandler decreased their price target on Citigroup from $70.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. Evercore ISI set a $54.00 price target on Citigroup in a report on Tuesday, July 19th. Jefferies Financial Group decreased their price target on Citigroup from $54.00 to $48.00 in a report on Monday, July 11th. Finally, BMO Capital Markets decreased their price target on Citigroup from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Citigroup presently has an average rating of “Hold” and a consensus price target of $62.95.

About Citigroup

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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

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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