Rhumbline Advisers reduced its position in Citigroup Inc (NYSE:C) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,003,944 shares of the financial services provider’s stock after selling 225,746 shares during the quarter. Rhumbline Advisers owned 0.16% of Citigroup worth $249,125,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of C. LFA Lugano Financial Advisors SA bought a new position in shares of Citigroup during the first quarter valued at approximately $27,000. Evolution Wealth Advisors LLC bought a new position in shares of Citigroup during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC bought a new position in shares of Citigroup during the fourth quarter valued at approximately $29,000. Signet Investment Advisory Group Inc. bought a new position in shares of Citigroup during the fourth quarter valued at approximately $32,000. Finally, Blume Capital Management Inc. boosted its stake in shares of Citigroup by 4,615.4% during the fourth quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 600 shares in the last quarter. 71.11% of the stock is currently owned by institutional investors.
Shares of Citigroup stock opened at $65.26 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24. The firm has a market cap of $165.46 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.71.
Citigroup (NYSE:C) last issued its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same quarter last year, the company posted $1.68 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Citigroup Inc will post 7.58 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.76%. Citigroup’s dividend payout ratio (DPR) is presently 27.07%.
In related news, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $64.27, for a total transaction of $348,343.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Bird sold 30,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $69.33, for a total transaction of $2,079,900.00. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
C has been the topic of a number of recent research reports. Standpoint Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. TheStreet upgraded shares of Citigroup from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Jefferies Financial Group upgraded shares of Citigroup from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $73.00 in a research note on Friday, February 22nd. Finally, Oppenheimer lifted their price objective on shares of Citigroup from $94.00 to $99.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $80.29.
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Citigroup Company Profile
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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