CM Management LLC Has $625,000 Holdings in Citigroup Inc. (NYSE:C)

CM Management LLC lessened its stake in Citigroup Inc. (NYSE:CGet Rating) by 40.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 10,000 shares during the quarter. CM Management LLC’s holdings in Citigroup were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. bought a new position in shares of Citigroup in the 3rd quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Citigroup in the 3rd quarter valued at about $28,000. Citizens National Bank Trust Department boosted its stake in shares of Citigroup by 169.0% in the 2nd quarter. Citizens National Bank Trust Department now owns 780 shares of the company’s stock valued at $36,000 after purchasing an additional 490 shares during the last quarter. Byrne Asset Management LLC bought a new position in shares of Citigroup in the 2nd quarter valued at about $37,000. Finally, McIlrath & Eck LLC boosted its stake in shares of Citigroup by 96.6% in the 3rd quarter. McIlrath & Eck LLC now owns 814 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on C. StockNews.com began coverage on shares of Citigroup in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays lifted their price objective on shares of Citigroup from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. Credit Suisse Group set a $54.00 price objective on shares of Citigroup in a research note on Monday, October 10th. Oppenheimer reduced their price objective on shares of Citigroup from $87.00 to $83.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 17th. Finally, Piper Sandler lifted their price objective on shares of Citigroup from $47.00 to $51.00 in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.42.

Citigroup Price Performance

Shares of C opened at $51.42 on Wednesday. The company has a market cap of $99.59 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.71 and a beta of 1.56. Citigroup Inc. has a 1-year low of $40.01 and a 1-year high of $69.11. The company’s fifty day simple moving average is $47.04 and its 200 day simple moving average is $47.61. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.49.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Monday, February 6th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, February 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 3.97%. Citigroup’s payout ratio is 29.14%.

Citigroup Company 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.

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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