DMC Group LLC Decreases Stock Position in Citigroup Inc. (NYSE:C)

DMC Group LLC lowered its position in Citigroup Inc. (NYSE:C - Free Report) by 51.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,350 shares of the company's stock after selling 7,743 shares during the quarter. DMC Group LLC's holdings in Citigroup were worth $522,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Citigroup during the fourth quarter worth about $1,935,599,000. Capital World Investors raised its holdings in Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after acquiring an additional 25,705,141 shares in the last quarter. FMR LLC raised its holdings in Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after acquiring an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. raised its holdings in Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after purchasing an additional 2,804,850 shares in the last quarter. Finally, Capital International Investors raised its holdings in Citigroup by 148.6% during the fourth quarter. Capital International Investors now owns 4,524,890 shares of the company's stock worth $318,507,000 after purchasing an additional 2,704,783 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on C. Bank of America raised their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. The Goldman Sachs Group raised 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. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Royal Bank Of Canada lowered their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.37.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction 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 sale, the director directly owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company's stock.

Citigroup Stock Performance

C traded up $1.28 during trading on Thursday, hitting $87.07. The stock had a trading volume of 9,585,767 shares, compared to its average volume of 14,652,266. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $162.63 billion, a P/E ratio of 13.55, a PEG ratio of 0.67 and a beta of 1.34. The company's 50-day moving average price is $77.69 and its 200 day moving average price is $74.52. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $88.83.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

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.