Trust Co. of Virginia VA bought a new position in Citigroup Inc (NYSE:C) during the first quarter, HoldingsChannel reports. The fund bought 3,629 shares of the financial services provider’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elgethun Capital Management boosted its position in shares of Citigroup by 11.5% during the first quarter. Elgethun Capital Management now owns 43,264 shares of the financial services provider’s stock valued at $2,692,000 after buying an additional 4,475 shares during the last quarter. RB Capital Management LLC boosted its position in shares of Citigroup by 3.4% during the first quarter. RB Capital Management LLC now owns 5,386 shares of the financial services provider’s stock valued at $335,000 after buying an additional 176 shares during the last quarter. Payden & Rygel boosted its position in shares of Citigroup by 1.2% during the first quarter. Payden & Rygel now owns 243,650 shares of the financial services provider’s stock valued at $15,160,000 after buying an additional 2,800 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of Citigroup by 2.8% during the first quarter. Great Lakes Advisors LLC now owns 950,521 shares of the financial services provider’s stock valued at $59,142,000 after buying an additional 26,143 shares during the last quarter. Finally, Front Barnett Associates LLC boosted its position in shares of Citigroup by 0.4% during the first quarter. Front Barnett Associates LLC now owns 134,044 shares of the financial services provider’s stock valued at $8,340,000 after buying an additional 551 shares during the last quarter. 68.47% of the stock is currently owned by hedge funds and other institutional investors.

In other Citigroup news, CEO Stephen Bird sold 30,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $69.33, for a total value of $2,079,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

C stock opened at $62.15 on Friday. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. 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 $147.10 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.69 and a beta of 1.71.

Citigroup (NYSE:C) last posted its earnings results 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. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The company had revenue of $18.58 billion for the quarter, compared to the consensus estimate of $18.56 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. Citigroup’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts predict that Citigroup Inc will post 7.6 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s dividend payout ratio is 27.07%.

Several equities research analysts recently commented on the company. BMO Capital Markets increased their price objective on Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Wells Fargo & Co increased their price objective on Citigroup from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, April 29th. ValuEngine raised Citigroup from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, HSBC set a $76.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.55.

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Citigroup Company Profile

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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