Trust Co. of Vermont cut its holdings in shares of Citigroup Inc (NYSE:C) by 19.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,367 shares of the financial services provider’s stock after selling 4,116 shares during the quarter. Trust Co. of Vermont’s holdings in Citigroup were worth $1,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of C. North American Management Corp raised its stake in Citigroup by 7.9% during the first quarter. North American Management Corp now owns 13,723 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 1,000 shares during the period. Sanders Capital LLC raised its stake in Citigroup by 12.7% during the first quarter. Sanders Capital LLC now owns 10,103,648 shares of the financial services provider’s stock worth $709,503,000 after purchasing an additional 1,140,636 shares during the period. Endurance Wealth Management Inc. raised its stake in Citigroup by 2.0% during the first quarter. Endurance Wealth Management Inc. now owns 10,292 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 200 shares during the period. HL Financial Services LLC raised its stake in Citigroup by 10.9% during the first quarter. HL Financial Services LLC now owns 111,081 shares of the financial services provider’s stock worth $6,911,000 after purchasing an additional 10,946 shares during the period. Finally, Fagan Associates Inc. raised its stake in Citigroup by 7.8% during the first quarter. Fagan Associates Inc. now owns 43,909 shares of the financial services provider’s stock worth $2,732,000 after purchasing an additional 3,181 shares during the period. Hedge funds and other institutional investors own 71.11% of the company’s stock.

Shares of C stock traded up $1.22 during trading on Thursday, reaching $66.09. The company’s stock had a trading volume of 321,731 shares, compared to its average volume of 16,135,269. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $165.46 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.70 and a beta of 1.71. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24.

Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.09. The firm had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. On average, research analysts forecast that Citigroup Inc will post 7.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is currently 27.07%.

In other Citigroup news, CEO Stephen Bird sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider W. Bradford Hu sold 5,420 shares of the business’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. Insiders own 0.09% of the company’s stock.

C has been the topic of a number of research analyst reports. Oppenheimer boosted their price target on shares of Citigroup from $94.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Standpoint Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Jefferies Financial Group raised shares of Citigroup from a “hold” rating to a “buy” rating and boosted their price target for the company from $64.00 to $73.00 in a research note on Friday, February 22nd. TheStreet raised shares of Citigroup from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Finally, Wells Fargo & Co boosted their price target on shares of Citigroup from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $80.29.

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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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