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

Tilt Investment Management Holdings PBC lessened its position in Citigroup Inc. (NYSE:C) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 SEC.

Several other hedge funds also recently bought and sold shares of C. Massachusetts Wealth Management increased its stake in Citigroup by 0.5% during the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after purchasing an additional 192 shares in the last quarter. Founders Capital Management increased its position in shares of Citigroup by 12.5% during the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after acquiring an additional 200 shares in the last quarter. Cowa LLC raised its holdings in shares of Citigroup by 3.1% during the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after acquiring an additional 200 shares during the period. CENTRAL TRUST Co lifted its position in Citigroup by 5.6% in the 4th quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock valued at $198,000 after acquiring an additional 205 shares in the last quarter. Finally, Sippican Capital Advisors increased its holdings in Citigroup by 0.6% during the 4th quarter. Sippican Capital Advisors now owns 39,234 shares of the company’s stock worth $2,018,000 after purchasing an additional 219 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

NYSE:C traded up $0.20 on Thursday, hitting $58.37. The company’s stock had a trading volume of 7,363,169 shares, compared to its average volume of 17,194,010. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90. The firm has a market capitalization of $111.79 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. The stock has a fifty day moving average of $58.11 and a two-hundred day moving average of $50.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50.

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

Citigroup Announces Dividend

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

Wall Street Analysts Forecast Growth

C has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Wednesday, January 3rd. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Piper Sandler lifted their price target on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, six have given 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 target price of $62.91.

About Citigroup

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.