Consolidated Investment Group LLC Sells 3,390 Shares of Citigroup Inc. (NYSE:C)

Consolidated Investment Group LLC decreased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,377 shares of the company's stock after selling 3,390 shares during the period. Citigroup comprises about 0.9% of Consolidated Investment Group LLC's investment portfolio, making the stock its 24th biggest holding. Consolidated Investment Group LLC's holdings in Citigroup were worth $6,132,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in Citigroup in the 4th quarter worth approximately $1,935,599,000. Capital World Investors grew its holdings in shares of 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 grew its stake in shares of Citigroup by 29.7% during the 4th 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 during the period. Raymond James Financial Inc. bought a new stake in shares of Citigroup during the 4th quarter valued at about $198,231,000. Finally, Franklin Resources Inc. grew its stake in shares of Citigroup by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after purchasing an additional 2,804,850 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 0.1%

Shares of Citigroup stock traded up $0.04 during trading on Friday, hitting $78.39. The stock had a trading volume of 17,313,525 shares, compared to its average volume of 14,510,149. The firm's fifty day simple moving average is $72.60 and its 200-day simple moving average is $73.27. The stock has a market cap of $146.41 billion, a PE ratio of 12.38, a PEG ratio of 0.60 and a beta of 1.33. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 net margin of 7.95% and a return on equity of 6.94%. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. Citigroup's dividend payout ratio (DPR) is 35.39%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on C shares. Cowen assumed coverage on Citigroup in a report on Wednesday, May 14th. They set a "hold" rating for the company. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Evercore ISI dropped their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. The Goldman Sachs Group upped their target price on shares of Citigroup from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Bank of America dropped their target price on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.30.

Insider Transactions at Citigroup

In other 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 transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this link. Corporate insiders own 0.08% of the company's stock.

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.