Citigroup Inc. (NYSE:C) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its position in Citigroup Inc. (NYSE:C - Free Report) by 4.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 228,731 shares of the company's stock after selling 10,301 shares during the period. Atria Investments Inc's holdings in Citigroup were worth $16,238,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup during the 1st quarter worth about $28,000. American National Bank & Trust acquired a new position in shares of Citigroup during the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the 4th quarter worth about $34,000. Finally, Cornerstone Planning Group LLC raised its holdings in Citigroup by 68.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Up 0.7%

Shares of C traded up $0.65 during midday trading on Friday, hitting $96.04. 13,537,763 shares of the stock were exchanged, compared to its average volume of 16,283,003. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $96.90. The stock has a fifty day simple moving average of $82.36 and a 200 day simple moving average of $76.27. The firm has a market cap of $179.37 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.83 and a beta of 1.34. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business had revenue of $21.67 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period last year, the business posted $1.52 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.50%. The ex-dividend date is Monday, August 4th. This is a boost from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is currently 33.09%.

Analysts Set New Price Targets

A number of analysts have commented on C shares. Cowen started coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating for the company. Royal Bank Of Canada cut their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Dbs Bank upgraded shares of Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. UBS Group reiterated a "neutral" rating and issued a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Finally, Morgan Stanley increased their price objective on shares of Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $96.46.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.08% of the company's stock.

Citigroup Profile

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.