Burney Co. trimmed its position in shares of Citigroup Inc (NYSE:C) by 6.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 116,776 shares of the financial services provider’s stock after selling 7,651 shares during the period. Burney Co.’s holdings in Citigroup were worth $6,079,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in C. Bank of New York Mellon Corp increased its holdings in shares of Citigroup by 96,369.8% during the third quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock valued at $2,982,839,000 after acquiring an additional 41,535,375 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Citigroup by 5,064.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 39,262,981 shares in the last quarter. ValueAct Holdings L.P. increased its holdings in shares of Citigroup by 4.2% during the third quarter. ValueAct Holdings L.P. now owns 26,225,500 shares of the financial services provider’s stock valued at $1,881,417,000 after acquiring an additional 1,050,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Citigroup by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 17,152,945 shares of the financial services provider’s stock valued at $1,230,679,000 after acquiring an additional 350,881 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Citigroup by 0.5% in the 3rd quarter. Morgan Stanley now owns 16,607,640 shares of the financial services provider’s stock worth $1,191,430,000 after buying an additional 79,843 shares during the period. 70.37% of the stock is owned by institutional investors and hedge funds.

In other news, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total transaction of $442,680.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Several brokerages recently weighed in on C. Jefferies Financial Group increased their price target on shares of Citigroup to $64.00 and gave the stock a “hold” rating in a report on Tuesday, January 15th. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Thursday, November 29th. Morgan Stanley cut their price target on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, January 8th. Standpoint Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, TheStreet upgraded shares of Citigroup from a “c+” rating to a “b” rating in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $77.33.

Shares of NYSE C opened at $65.19 on Friday. The company has a market cap of $164.77 billion, a PE ratio of 9.80, a PEG ratio of 0.79 and a beta of 1.68. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $75.24. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.57 billion. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. As a group, analysts forecast that Citigroup Inc will post 7.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Monday, February 4th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.76%. Citigroup’s payout ratio is 27.07%.

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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. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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