Citigroup Inc. $C Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its position in shares of Citigroup Inc. (NYSE:C) by 13.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,893 shares of the company’s stock after selling 18,275 shares during the period. Boothbay Fund Management LLC’s holdings in Citigroup were worth $9,780,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. Brevan Howard Capital Management LP boosted its stake in shares of Citigroup by 159.3% during the 2nd quarter. Brevan Howard Capital Management LP now owns 225,675 shares of the company’s stock worth $19,209,000 after acquiring an additional 138,652 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Citigroup by 3.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 15,176,320 shares of the company’s stock worth $1,292,923,000 after purchasing an additional 535,950 shares during the period. Alden Global Capital LLC boosted its position in Citigroup by 93.5% during the second quarter. Alden Global Capital LLC now owns 301,497 shares of the company’s stock worth $25,663,000 after purchasing an additional 145,655 shares in the last quarter. Connecticut Wealth Management LLC acquired a new stake in Citigroup in the second quarter valued at approximately $307,000. Finally, Florida Financial Advisors LLC purchased a new stake in shares of Citigroup in the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Piper Sandler set a $118.00 price objective on shares of Citigroup in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 target price on shares of Citigroup in a research report on Tuesday, October 14th. Oppenheimer reduced their price target on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, Bank of America lifted their price objective on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.47.

Citigroup Stock Up 0.1%

Shares of NYSE:C opened at $111.82 on Friday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $113.43. The stock has a market cap of $200.07 billion, a P/E ratio of 15.70, a PEG ratio of 0.55 and a beta of 1.21. The business has a fifty day moving average of $101.21 and a two-hundred day moving average of $94.26. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter in the previous year, the company posted $1.51 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, November 3rd. Citigroup’s payout ratio is presently 33.71%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.