Rock Point Advisors LLC Sells 18,233 Shares of Citigroup Inc. (NYSE:C)

Rock Point Advisors LLC reduced its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 237,655 shares of the company's stock after selling 18,233 shares during the quarter. Citigroup accounts for approximately 5.2% of Rock Point Advisors LLC's holdings, making the stock its biggest position. Rock Point Advisors LLC's holdings in Citigroup were worth $16,871,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in C. Norges Bank purchased a new stake in Citigroup during the fourth quarter valued at $1,935,599,000. Capital World Investors lifted 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 worth $2,206,908,000 after acquiring an additional 25,705,141 shares during the period. FMR LLC boosted its stake in shares of Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Citigroup by 9.3% in the 4th 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 during the period. Finally, Capital International Investors lifted its position in shares of Citigroup by 148.6% during the fourth quarter. Capital International Investors now owns 4,524,890 shares of the company's stock valued at $318,507,000 after buying an additional 2,704,783 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of NYSE:C traded up $1.28 during trading on Thursday, hitting $87.07. 9,585,767 shares of the stock traded hands, compared to its average volume of 14,652,266. 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 fifty day moving average price of $77.69 and a two-hundred day moving average price of $74.52. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $88.83. The company has a market cap of $162.63 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share 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 analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred 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 owned 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on C shares. JPMorgan Chase & Co. dropped their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. 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 report on Wednesday, April 16th. Cowen started coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, The Goldman Sachs Group boosted their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.37.

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.