Citigroup Inc. (NYSE:C) Position Decreased by Boothe Investment Group Inc.

Boothe Investment Group Inc. lessened its holdings in Citigroup Inc. (NYSE:C - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,598 shares of the company's stock after selling 15,141 shares during the period. Citigroup makes up 3.4% of Boothe Investment Group Inc.'s investment portfolio, making the stock its 9th largest position. Boothe Investment Group Inc.'s holdings in Citigroup were worth $7,425,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Orion Capital Management LLC purchased a new stake in Citigroup in the fourth quarter valued at approximately $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup in the first quarter valued at $29,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Citigroup in the 4th quarter valued at $34,000. Creative Capital Management Investments LLC acquired a new position in Citigroup during the 4th quarter worth about $35,000. Finally, Sierra Ocean LLC purchased a new position in Citigroup during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Up 2.2%

C stock traded up $1.65 during trading on Monday, hitting $78.01. 10,391,782 shares of the company's stock were exchanged, compared to its average volume of 14,530,124. The business has a 50-day moving average price of $71.01 and a two-hundred day moving average price of $73.05. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $145.71 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is 35.39%.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm's 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 transaction, the director now directly owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on C shares. Bank of America cut their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Evercore ISI reduced their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. TD Cowen assumed coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target for the company. Finally, The Goldman Sachs Group upped their price objective on Citigroup from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.30.

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.