Citigroup Inc. (NYSE:C) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 586,695 shares of the company's stock after selling 13,059 shares during the period. Douglas Lane & Associates LLC's holdings in Citigroup were worth $41,649,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Core Alternative Capital boosted its holdings in shares of Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after buying an additional 171 shares during the last quarter. Orion Capital Management LLC purchased a new stake in Citigroup in the fourth quarter worth about $28,000. American National Bank & Trust bought a new position in shares of Citigroup in the first quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the 4th quarter valued at about $34,000. Finally, Creative Capital Management Investments LLC bought a new position in shares of Citigroup during the 4th quarter valued at approximately $35,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

C has been the topic of several analyst reports. Royal Bank of Canada lowered their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday. Evercore ISI cut their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group reduced their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Finally, Bank of America decreased their price target on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $83.97.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by insiders.

Citigroup Price Performance

NYSE C traded up $0.74 on Tuesday, hitting $76.54. The company had a trading volume of 9,794,940 shares, compared to its average volume of 14,540,074. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company's fifty day moving average price is $68.94 and its 200-day moving average price is $72.55. The company has a market capitalization of $142.96 billion, a PE ratio of 12.86, a PEG ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C - Get Free Report) last posted 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. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. As a group, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders 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 dividend on an annualized basis and a yield of 2.93%. Citigroup's payout ratio is currently 35.39%.

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.