First Interstate Bank Trims Holdings in Citigroup Inc. (NYSE:C)

First Interstate Bank lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,830 shares of the company's stock after selling 3,558 shares during the quarter. First Interstate Bank's holdings in Citigroup were worth $3,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after buying an additional 11,674 shares in the last quarter. Invesco Ltd. raised its stake in Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. Brighton Jones LLC raised its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in Citigroup during the 1st quarter valued at about $214,000. Finally, Pinnacle Financial Partners Inc boosted its stake in Citigroup by 495.1% during the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after acquiring an additional 15,436 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was 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 of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on C. Royal Bank Of Canada decreased their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. TD Cowen began coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Finally, The Goldman Sachs Group lifted their target price on shares of Citigroup from $85.00 to $96.00 and gave the stock 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.37.

Citigroup Price Performance

NYSE:C traded down $0.35 during trading hours on Friday, hitting $86.73. 10,251,072 shares of the stock were exchanged, compared to its average volume of 14,634,743. The firm's fifty day moving average price is $78.07 and its 200 day moving average price is $74.64. 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 $161.99 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion for 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 research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

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.