Fmr LLC Cuts Stake in Citigroup Inc (NYSE:C)

Fmr LLC decreased its position in shares of Citigroup Inc (NYSE:C) by 11.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 73,404,275 shares of the financial services provider’s stock after selling 9,802,292 shares during the quarter. Citigroup makes up 0.5% of Fmr LLC’s investment portfolio, making the stock its 21st largest position. Fmr LLC’s holdings in Citigroup were worth $4,567,214,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Deprince Race & Zollo Inc. grew its holdings in shares of Citigroup by 27.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 356,193 shares of the financial services provider’s stock worth $18,543,000 after purchasing an additional 77,766 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Citigroup in the 4th quarter worth about $61,000. Chicago Equity Partners LLC grew its holdings in shares of Citigroup by 9.6% in the 4th quarter. Chicago Equity Partners LLC now owns 12,665 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 1,110 shares during the last quarter. Quadrant Private Wealth Management LLC grew its holdings in shares of Citigroup by 15.8% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 9,104 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Stoneridge Investment Partners LLC grew its holdings in shares of Citigroup by 10.3% in the 4th quarter. Stoneridge Investment Partners LLC now owns 145,574 shares of the financial services provider’s stock worth $7,579,000 after purchasing an additional 13,629 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Several equities research analysts have recently weighed in on C shares. Zacks Investment Research raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Wells Fargo & Co set a $90.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a report on Friday, May 3rd. Bank of America set a $77.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Morgan Stanley increased their price objective on shares of Citigroup from $76.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $79.39.

NYSE:C traded down $0.21 during mid-day trading on Monday, reaching $67.27. 116,456 shares of the company were exchanged, compared to its average volume of 12,178,639. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $75.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. The firm has a market cap of $156.05 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.73 and a beta of 1.72.

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, beating the consensus estimate of $1.78 by $0.09. The company had revenue of $18.58 billion for the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. As a group, equities analysts predict that Citigroup Inc will post 7.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 27.07%.

In other news, CEO Stephen Bird sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $69.33, for a total value of $2,079,900.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

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Citigroup 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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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