Transcend Capital Advisors LLC Sells 432 Shares of Citigroup Inc. (NYSE:C)

Transcend Capital Advisors LLC decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,077 shares of the company’s stock after selling 432 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Citigroup were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Citigroup during the fourth quarter valued at approximately $28,000. American National Bank & Trust purchased a new position in shares of Citigroup during the 1st quarter valued at $29,000. Mascagni Wealth Management Inc. bought a new position in shares of Citigroup in the fourth quarter worth $34,000. Runnymede Capital Advisors Inc. bought a new position in shares of Citigroup in the fourth quarter worth $39,000. Finally, Whipplewood Advisors LLC raised its position in shares of Citigroup by 79.2% in the first quarter. Whipplewood Advisors LLC now owns 570 shares of the company’s stock worth $40,000 after buying an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the subject of several recent analyst reports. Wall Street Zen cut Citigroup from a “hold” rating to a “sell” rating in a research report on Friday. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. TD Cowen started coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a “hold” rating and a $83.00 price target for the company. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.03.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $84.41 on Friday. The firm has a market cap of $157.66 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.65 and a beta of 1.33. The company has a 50-day simple moving average of $74.53 and a two-hundred day simple moving average of $73.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.79.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The company had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

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.