Tilt Investment Management Holdings PBC Sells 2,549 Shares of Citigroup Inc. (NYSE:C)

Tilt Investment Management Holdings PBC lessened its stake in Citigroup Inc. (NYSE:C) by 25.0% during the fourth quarter, HoldingsChannel reports. The firm owned 7,652 shares of the company’s stock after selling 2,549 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Citigroup were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Carmel Capital Partners LLC bought a new stake in shares of Citigroup in the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. raised its holdings in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. SkyView Investment Advisors LLC bought a new stake in Citigroup during the 1st quarter valued at $28,000. AlphaMark Advisors LLC lifted its position in shares of Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of Citigroup by 115.0% in the third quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock worth $33,000 after acquiring an additional 429 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

C stock traded up $0.20 during mid-day trading on Thursday, hitting $58.37. 7,363,169 shares of the stock were exchanged, compared to its average volume of 17,194,010. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $111.79 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 0.86 and a beta of 1.52. The business has a fifty day moving average price of $58.11 and a 200 day moving average price of $50.98. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 earnings per share. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.91 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is presently 62.72%.

Wall Street Analyst Weigh In

C has been the topic of a number of analyst reports. Barclays boosted their price objective on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a report on Monday, April 1st. HSBC boosted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research note on Wednesday, January 10th. Finally, Piper Sandler boosted their price target on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Company Profile

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.