Citigroup Inc. (NYSE:C) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. reduced its stake in Citigroup Inc. (NYSE:C - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,348 shares of the company's stock after selling 4,184 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Citigroup were worth $2,417,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Core Alternative Capital boosted its holdings in shares of Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Orion Capital Management LLC purchased a new position in Citigroup during the 4th quarter valued at approximately $28,000. Webster Bank N. A. increased its stake in Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after acquiring an additional 300 shares during the last quarter. Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup during the 4th quarter worth approximately $35,000. Finally, Sierra Ocean LLC bought a new position in Citigroup during the fourth quarter valued at $37,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 0.3%

Shares of C stock traded down $0.23 during mid-day trading on Friday, hitting $75.30. The stock had a trading volume of 12,474,801 shares, compared to its average volume of 16,389,574. 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 firm's 50-day moving average is $68.87 and its two-hundred day moving average is $72.40. The firm has a market capitalization of $140.64 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.97%. The ex-dividend date was Monday, May 5th. Citigroup's payout ratio is 35.39%.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred 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 now directly owns 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 document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Morgan Stanley lowered their target price on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.97.

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.