Aviso Wealth Management Sells 210 Shares of Citigroup Inc. (NYSE:C)

Aviso Wealth Management decreased its holdings in Citigroup Inc. (NYSE:C) by 3.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,894 shares of the company’s stock after selling 210 shares during the quarter. Aviso Wealth Management’s holdings in Citigroup were worth $418,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in C. Orion Capital Management LLC purchased a new stake in Citigroup in the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC purchased a new stake in Citigroup in the 1st quarter valued at about $28,000. American National Bank & Trust purchased a new stake in Citigroup in the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. purchased a new stake in Citigroup in the 4th quarter valued at about $34,000. Finally, HHM Wealth Advisors LLC increased its stake in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after buying an additional 467 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on C shares. Oppenheimer increased their price objective on shares of Citigroup from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday. Cowen assumed coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a “hold” rating for the company. Piper Sandler raised their price target on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Bank of America raised their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Finally, Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.54.

Citigroup Stock Down 2.0%

Citigroup stock opened at $91.84 on Friday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $96.90. The firm has a market capitalization of $171.53 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 0.81 and a beta of 1.38. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. The firm has a 50 day simple moving average of $84.36 and a 200 day simple moving average of $76.98.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the business earned $1.52 EPS. Citigroup’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be paid a $0.60 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is presently 33.09%.

Insiders Place Their Bets

In other news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

Citigroup 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.