Hickory Point Bank & Trust Sells 681 Shares of Citigroup Inc. (NYSE:C)

Hickory Point Bank & Trust reduced its stake in Citigroup Inc. (NYSE:C) by 8.2% during the first quarter, Holdings Channel.com reports. The fund owned 7,658 shares of the company’s stock after selling 681 shares during the quarter. Hickory Point Bank & Trust’s holdings in Citigroup were worth $544,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Core Alternative Capital lifted its position in shares of Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the 4th quarter worth approximately $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup in the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Citigroup in the 4th quarter worth approximately $34,000. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup in the 4th quarter worth approximately $35,000. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

C has been the subject of several research reports. Cowen initiated coverage on shares of Citigroup in a research report on Wednesday, May 14th. They issued a “hold” rating for the company. Evercore ISI lowered their price target on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Bank of America decreased their target price on shares of Citigroup from $90.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.97.

Citigroup Trading Up 2.2%

NYSE C opened at $78.32 on Friday. The company has a fifty day simple moving average of $69.43 and a two-hundred day simple moving average of $72.75. The stock has a market cap of $146.28 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.86%. Citigroup’s payout ratio is currently 35.39%.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now owns 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

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.