Choreo LLC Cuts Holdings in Citigroup Inc. (NYSE:C)

Choreo LLC trimmed its stake in Citigroup Inc. (NYSE:C - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,896 shares of the company's stock after selling 3,312 shares during the period. Choreo LLC's holdings in Citigroup were worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in C. Norges Bank bought a new position in Citigroup in the fourth quarter worth about $1,935,599,000. Capital World Investors boosted its stake in Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after acquiring an additional 25,705,141 shares in the last quarter. FMR LLC boosted its stake in Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after acquiring an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. boosted its stake in Citigroup by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after acquiring an additional 2,804,850 shares in the last quarter. Finally, Capital International Investors boosted its stake in Citigroup by 148.6% in the fourth quarter. Capital International Investors now owns 4,524,890 shares of the company's stock valued at $318,507,000 after acquiring an additional 2,704,783 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 0.7%

Shares of Citigroup stock traded up $0.65 on Friday, reaching $96.04. 13,537,763 shares of the company were exchanged, compared to its average volume of 16,283,003. The stock's 50 day moving average price is $82.36 and its 200-day moving average price is $76.27. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $96.90. The company has a market cap of $179.37 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.83 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share 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 for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the company earned $1.52 EPS. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

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

Insider Buying and Selling at Citigroup

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Cowen started coverage on Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating on the stock. Dbs Bank raised shares of Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. UBS Group reissued a "neutral" rating and set a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. Finally, Oppenheimer raised their target price on shares of Citigroup from $107.00 to $123.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.46.

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.