Citigroup Inc. (NYSE:C) Shares Sold by Anderson Hoagland & Co.

Anderson Hoagland & Co. lessened its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 15.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,599 shares of the company's stock after selling 15,518 shares during the period. Anderson Hoagland & Co.'s holdings in Citigroup were worth $5,935,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC boosted its stake in Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC boosted its holdings in Citigroup by 1.9% in the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after purchasing an additional 120 shares during the period. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in shares of Citigroup by 1.6% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock worth $608,000 after acquiring an additional 135 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Citigroup by 10.9% in the 4th quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock worth $97,000 after acquiring an additional 136 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Citigroup by 3.4% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.08% of the company's stock.

Citigroup Price Performance

Shares of C traded up $0.77 during midday trading on Thursday, hitting $77.17. 9,231,373 shares of the company traded hands, compared to its average volume of 14,520,859. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $144.13 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.64 and a beta of 1.33. The firm has a 50 day moving average of $69.16 and a 200-day moving average of $72.60.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.90%. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on C. TD Cowen began coverage on Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective for the company. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Bank of America lowered their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Morgan Stanley lowered their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, The Goldman Sachs Group cut their price objective on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.97.

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.