Rock Point Advisors LLC Reduces Stock Holdings in Citigroup Inc. (NYSE:C)

Rock Point Advisors LLC trimmed its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,655 shares of the company's stock after selling 18,233 shares during the quarter. Citigroup makes up 5.2% of Rock Point Advisors LLC's portfolio, making the stock its biggest position. Rock Point Advisors LLC's holdings in Citigroup were worth $16,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC bought a new stake in Citigroup in the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup in the 1st quarter valued at about $28,000. American National Bank & Trust bought a new stake in Citigroup in the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. bought a new stake in Citigroup in the 4th quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC increased its stake in Citigroup by 68.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock valued at $38,000 after buying an additional 234 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Down 0.2%

Shares of Citigroup stock traded down $0.20 during trading on Friday, hitting $86.89. The stock had a trading volume of 5,602,843 shares, compared to its average volume of 14,617,149. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $162.28 billion, a PE ratio of 13.72, a P/E/G ratio of 0.67 and a beta of 1.34. The stock has a 50 day simple moving average of $78.07 and a 200 day simple moving average of $74.64. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $88.83.

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

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 sale, the director directly owned 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research note on Monday. Bank of America raised their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. The Goldman Sachs Group raised their target price on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada lowered their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $86.37.

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.