Sei Investments Co. trimmed its holdings in shares of Citigroup Inc (NYSE:C) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,250,175 shares of the financial services provider’s stock after selling 55,978 shares during the period. Sei Investments Co.’s holdings in Citigroup were worth $83,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Legacy Advisors LLC boosted its position in Citigroup by 349.7% during the second quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock valued at $115,000 after buying an additional 1,336 shares during the period. Stelac Advisory Services LLC purchased a new stake in Citigroup during the first quarter valued at about $116,000. IMA Wealth Inc. purchased a new stake in Citigroup during the second quarter valued at about $129,000. Bedel Financial Consulting Inc. bought a new position in shares of Citigroup during the first quarter valued at about $133,000. Finally, Twin Tree Management LP raised its stake in shares of Citigroup by 100.4% during the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 535,686 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raja Akram sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,466 shares of company stock valued at $2,057,576. 0.11% of the stock is owned by insiders.

Several equities analysts have recently commented on the stock. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research note on Monday, July 30th. BMO Capital Markets upped their price objective on shares of Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. ValuEngine downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Oppenheimer upped their price objective on shares of Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a research note on Monday, July 16th. Finally, Goldman Sachs Group set a $78.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $81.65.

Citigroup opened at $70.26 on Friday, MarketBeat.com reports. Citigroup Inc has a 1 year low of $64.38 and a 1 year high of $80.70. The stock has a market capitalization of $184.99 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Monday, August 6th will be paid a $0.45 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, August 3rd. Citigroup’s dividend payout ratio is presently 33.77%.

Citigroup Company 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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