Citigroup Inc. (NYSE:C) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 3.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,393 shares of the company’s stock after selling 1,096 shares during the quarter. Carret Asset Management LLC’s holdings in Citigroup were worth $1,945,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Norges Bank acquired a new stake in Citigroup during the 4th quarter worth approximately $1,935,599,000. Capital World Investors increased its position in Citigroup by 455.2% during the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company’s stock worth $2,206,908,000 after purchasing an additional 25,705,141 shares in the last quarter. FMR LLC increased its position in Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company’s stock worth $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Citigroup during the 4th quarter worth approximately $198,231,000. Finally, Franklin Resources Inc. increased its position in Citigroup by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company’s stock worth $2,311,048,000 after purchasing an additional 2,804,850 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 0.1%

C stock opened at $78.39 on Friday. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $146.41 billion, a P/E ratio of 12.38, a PEG ratio of 0.60 and a beta of 1.33. The firm has a 50 day simple moving average of $72.60 and a 200-day simple moving average of $73.26.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.86%. Citigroup’s payout ratio is 35.39%.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on C shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Evercore ISI lowered their price objective on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. TD Cowen began coverage on shares of Citigroup in a research report on Thursday, May 15th. They issued a “hold” rating and a $83.00 price objective for the company. Bank of America lowered their price objective on shares of Citigroup from $90.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of Citigroup from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.30.

Citigroup Company Profile

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.