Citigroup Inc. (NYSE:C) Holdings Cut by Greenhaven Associates Inc.

Greenhaven Associates Inc. reduced its stake in Citigroup Inc. (NYSE:C - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,665,843 shares of the company's stock after selling 204,922 shares during the period. Citigroup makes up about 18.8% of Greenhaven Associates Inc.'s holdings, making the stock its largest holding. Greenhaven Associates Inc. owned about 0.89% of Citigroup worth $1,183,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. Brighton Jones LLC increased its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Blue Trust Inc. increased its holdings in Citigroup by 48.9% in the fourth quarter. Blue Trust Inc. now owns 20,247 shares of the company's stock valued at $1,425,000 after buying an additional 6,647 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Citigroup in the fourth quarter valued at $10,400,000. Pacer Advisors Inc. raised its stake in Citigroup by 88.0% in the fourth quarter. Pacer Advisors Inc. now owns 266,537 shares of the company's stock valued at $18,762,000 after buying an additional 124,772 shares in the last quarter. Finally, Nilsine Partners LLC boosted its position in shares of Citigroup by 3.5% during the 4th quarter. Nilsine Partners LLC now owns 12,634 shares of the company's stock worth $889,000 after acquiring an additional 429 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of Citigroup stock traded down $0.23 during trading on Friday, reaching $75.30. The company's stock had a trading volume of 12,509,663 shares, compared to its average volume of 14,579,475. The business has a 50 day moving average price of $68.89 and a 200-day moving average price of $72.44. The company has a market capitalization of $140.64 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74.

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

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.97%. Citigroup's dividend payout ratio is presently 35.39%.

Insider Activity at Citigroup

In other Citigroup 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 sale, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on C shares. Royal Bank of Canada dropped their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Cowen started coverage on shares of Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating for the company. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Oppenheimer reissued an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.97.

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.