TrinityPoint Wealth LLC trimmed its position in shares of Citigroup Inc (NYSE:C) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,485 shares of the financial services provider’s stock after selling 233 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Citigroup were worth $765,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new stake in Citigroup in the 1st quarter valued at $27,000. Personal Wealth Partners bought a new position in Citigroup in the 2nd quarter valued at $27,000. Harvest Group Wealth Management LLC bought a new position in Citigroup in the 1st quarter valued at $28,000. Centaurus Financial Inc. grew its stake in Citigroup by 95.1% in the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 835 shares during the period. Finally, Mcmillion Capital Management Inc. bought a new position in Citigroup in the 2nd quarter valued at $31,000. 76.78% of the stock is currently owned by institutional investors.
Shares of C stock traded down $0.77 on Friday, hitting $63.14. 4,037,294 shares of the stock were exchanged, compared to its average volume of 15,203,326. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $143.27 billion, a PE ratio of 9.49, a P/E/G ratio of 0.69 and a beta of 1.76. Citigroup Inc has a one year low of $48.42 and a one year high of $75.24. The firm’s 50 day moving average is $68.67 and its two-hundred day moving average is $66.42.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be paid a dividend of $0.51 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 3.23%. Citigroup’s dividend payout ratio is presently 30.68%.
C has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Citigroup from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Bank of America downgraded Citigroup to a “hold” rating in a research note on Friday, July 26th. BMO Capital Markets downgraded Citigroup to a “hold” rating in a research note on Friday, July 26th. ValuEngine downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. Citigroup has an average rating of “Buy” and an average price target of $79.12.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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