GTS Securities LLC Cuts Stake in Citigroup Inc. (NYSE:C)

GTS Securities LLC decreased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 93.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,406 shares of the company's stock after selling 235,527 shares during the quarter. GTS Securities LLC's holdings in Citigroup were worth $1,155,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in C. Fourth Dimension Wealth LLC acquired a new stake in Citigroup during the fourth quarter worth approximately $115,000. Vise Technologies Inc. increased its stake in shares of Citigroup by 42.4% during the fourth quarter. Vise Technologies Inc. now owns 25,223 shares of the company's stock worth $1,775,000 after purchasing an additional 7,507 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in Citigroup by 60.4% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 25,600 shares of the company's stock worth $1,802,000 after purchasing an additional 9,640 shares during the last quarter. Inspire Trust Co. N.A. boosted its stake in Citigroup by 3.2% in the 4th quarter. Inspire Trust Co. N.A. now owns 80,000 shares of the company's stock valued at $5,631,000 after purchasing an additional 2,494 shares during the period. Finally, Pinkerton Retirement Specialists LLC lifted its holdings in shares of Citigroup by 0.5% during the fourth quarter. Pinkerton Retirement Specialists LLC now owns 71,966 shares of the company's stock worth $5,066,000 after buying an additional 341 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director now directly owns 13,048 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.

Citigroup Stock Up 0.6%

Shares of C traded up $0.48 on Thursday, hitting $75.51. 11,844,101 shares of the stock traded hands, compared to its average volume of 14,540,352. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The company has a market capitalization of $141.03 billion, a PE ratio of 12.69, a P/E/G ratio of 0.64 and a beta of 1.30. The business has a 50 day simple moving average of $68.85 and a 200 day simple moving average of $72.36. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $21.34 billion. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Evercore ISI decreased their price target on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Bank of America dropped their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Finally, Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and a consensus 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.