Bailard Inc. Sells 4,672 Shares of Citigroup Inc. (NYSE:C)

Bailard Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,187 shares of the company's stock after selling 4,672 shares during the quarter. Bailard Inc.'s holdings in Citigroup were worth $4,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Graypoint LLC boosted its holdings in Citigroup by 2.1% in the first quarter. Graypoint LLC now owns 13,451 shares of the company's stock worth $955,000 after acquiring an additional 274 shares in the last quarter. Napatree Capital LLC increased its holdings in shares of Citigroup by 15.7% during the 1st quarter. Napatree Capital LLC now owns 4,388 shares of the company's stock valued at $312,000 after purchasing an additional 597 shares in the last quarter. Lineweaver Wealth Advisors LLC boosted its position in Citigroup by 6.6% during the first quarter. Lineweaver Wealth Advisors LLC now owns 34,238 shares of the company's stock worth $2,430,000 after purchasing an additional 2,107 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Citigroup by 359.2% during the first quarter. Cullen Frost Bankers Inc. now owns 171,961 shares of the company's stock valued at $12,208,000 after purchasing an additional 134,515 shares in the last quarter. Finally, Parcion Private Wealth LLC increased its stake in Citigroup by 91.2% during the 1st quarter. Parcion Private Wealth LLC now owns 7,648 shares of the company's stock worth $543,000 after buying an additional 3,648 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on C. The Goldman Sachs Group upped their price objective on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Dbs Bank raised shares of Citigroup from a "hold" rating to a "moderate buy" rating in a report on Thursday. Oppenheimer set a $123.00 price objective on Citigroup and gave the company an "outperform" rating in a report on Wednesday. TD Cowen boosted their price target on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Bank of America boosted their price target on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.46.

Citigroup Stock Performance

C traded up $0.35 during trading hours on Friday, hitting $93.44. The company's stock had a trading volume of 16,590,582 shares, compared to its average volume of 14,699,795. The company has a 50-day simple moving average of $80.43 and a 200 day simple moving average of $75.48. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $174.52 billion, a PE ratio of 13.80, a PEG ratio of 0.68 and a beta of 1.34. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $93.80.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same period last year, the firm posted $1.52 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup's payout ratio is currently 35.45%.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction 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 owned 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 SEC, which can be accessed through the SEC website. Also, Director Peter B. Henry sold 3,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock.

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.