Elmwood Wealth Management Inc. cut its stake in Citigroup Inc (NYSE:C) by 6.2% in the first quarter, HoldingsChannel.com reports. The firm owned 15,277 shares of the financial services provider’s stock after selling 1,010 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Citigroup were worth $951,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. boosted its holdings in Citigroup by 27.9% during the fourth 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 acquired a new position in Citigroup during the fourth quarter worth $61,000. Chicago Equity Partners LLC boosted its holdings in Citigroup by 9.6% during the fourth 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 raised its position in Citigroup by 15.8% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 9,104 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Stoneridge Investment Partners LLC raised its position in Citigroup by 10.3% during the fourth quarter. Stoneridge Investment Partners LLC now owns 145,574 shares of the financial services provider’s stock worth $7,579,000 after acquiring an additional 13,629 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

C has been the topic of several research reports. Zacks Investment Research upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley raised their price target on shares of Citigroup from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Odeon Capital Group began coverage on shares of Citigroup in a report on Wednesday, March 27th. They issued a “hold” rating for the company. Oppenheimer raised their price objective on shares of Citigroup from $94.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, UBS Group raised their price target on shares of Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $79.39.

Citigroup stock opened at $67.48 on Monday. 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 52-week low of $48.42 and a 52-week high of $75.24. The company has a market cap of $156.05 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.73 and a beta of 1.72.

Citigroup (NYSE:C) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $18.56 billion. During the same quarter last year, the business earned $1.68 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Analysts forecast that Citigroup Inc will post 7.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were paid a $0.45 dividend. The ex-dividend date was Friday, May 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.67%. Citigroup’s dividend payout ratio is currently 27.07%.

In other news, CEO Stephen Bird sold 30,000 shares of Citigroup stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total value of $2,079,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company’s stock.

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About Citigroup

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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