Citigroup Inc (C) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in shares of Citigroup Inc (NYSE:C) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,003,944 shares of the financial services provider’s stock after selling 225,746 shares during the period. Rhumbline Advisers’ holdings in Citigroup were worth $249,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LFA Lugano Financial Advisors SA purchased a new stake in shares of Citigroup in the 1st quarter valued at approximately $27,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $29,000. Signet Investment Advisory Group Inc. acquired a new position in shares of Citigroup in the 4th quarter valued at $32,000. Finally, Blume Capital Management Inc. boosted its holdings in shares of Citigroup by 4,615.4% in the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after buying an additional 600 shares in the last quarter. 71.11% 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 firm’s stock in a transaction dated 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 SEC, which can be accessed through this link. Also, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction dated 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. Company insiders own 0.09% of the company’s stock.

A number of brokerages recently weighed in on C. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Monday, April 29th. Wells Fargo & Co set a $90.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. UBS Group increased their price target on shares of Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley increased their price target on shares of Citigroup from $76.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $80.29.

C stock opened at $65.26 on Thursday. Citigroup Inc has a one year low of $48.42 and a one year high of $75.24. The firm has a market capitalization of $165.46 billion, a PE ratio of 9.81, a PEG ratio of 0.70 and a beta of 1.71. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.

Citigroup (NYSE:C) last released its earnings results on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same quarter last year, the business earned $1.68 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, research analysts expect that Citigroup Inc will post 7.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.76%. Citigroup’s dividend payout ratio is presently 27.07%.

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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).

Further Reading: Oversold

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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