Duquesne Family Office LLC Sells 254,745 Shares of Citigroup Inc. (NYSE:C)

Duquesne Family Office LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 77.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,655 shares of the company's stock after selling 254,745 shares during the period. Duquesne Family Office LLC's holdings in Citigroup were worth $5,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. raised its position in Citigroup by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 3,728,261 shares of the company's stock worth $233,389,000 after buying an additional 383,534 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Citigroup by 193.1% during the fourth quarter. CWA Asset Management Group LLC now owns 47,644 shares of the company's stock valued at $3,354,000 after purchasing an additional 31,387 shares during the last quarter. Neville Rodie & Shaw Inc. bought a new position in Citigroup during the fourth quarter valued at approximately $274,000. Diversified Trust Co boosted its holdings in Citigroup by 0.4% in the fourth quarter. Diversified Trust Co now owns 89,601 shares of the company's stock worth $6,307,000 after purchasing an additional 370 shares during the last quarter. Finally, Spartan Planning & Wealth Management bought a new stake in Citigroup in the 4th quarter worth approximately $231,000. Institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Evercore ISI dropped their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Oppenheimer raised their price objective on shares of Citigroup from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Royal Bank of Canada dropped their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.04.

Citigroup Price Performance

C traded down $0.25 during trading on Friday, reaching $71.39. 8,938,912 shares of the company traded hands, compared to its average volume of 14,403,729. The company has a market cap of $134.37 billion, a P/E ratio of 12.00, a PEG ratio of 0.64 and a beta of 1.30. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The firm has a fifty day simple moving average of $67.56 and a 200 day simple moving average of $71.46.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's payout ratio is presently 35.39%.

Citigroup announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $83.21, for a total value of $4,864,872.65. Following the sale, the chief financial officer now owns 217,331 shares in the company, valued at approximately $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,007 shares of company stock worth $8,824,653 in the last quarter. 0.08% of the stock is owned by corporate insiders.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.