Chevy Chase Trust Holdings LLC Trims Holdings in Citigroup Inc. (NYSE:C)

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 992,007 shares of the company's stock after selling 7,863 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Citigroup worth $70,423,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of Citigroup by 3.4% during the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after acquiring an additional 11,674 shares during the period. Invesco Ltd. grew its holdings in shares of Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after acquiring an additional 1,970,300 shares during the period. Candriam S.C.A. grew its holdings in shares of Citigroup by 12.7% during the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after acquiring an additional 22,657 shares during the period. Brighton Jones LLC grew its holdings in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. Finally, Unified Investment Management purchased a new position in shares of Citigroup during the 4th quarter worth approximately $658,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction on Wednesday, April 30th. The stock was 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 $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. TD Cowen assumed coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 target price on the stock. Royal Bank Of Canada cut their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Finally, Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $83.30.

Citigroup Stock Performance

C stock opened at $79.42 on Tuesday. The stock has a market capitalization of $148.34 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The stock's 50 day simple moving average is $72.93 and its 200 day simple moving average is $73.33.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. As a group, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared 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 of this dividend was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.82%. Citigroup's payout ratio is 35.39%.

Citigroup Company 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.

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