Jackson Hole Capital Partners LLC Sells 3,253 Shares of Citigroup Inc. (NYSE:C)

Jackson Hole Capital Partners LLC cut its holdings in Citigroup Inc. (NYSE:C - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,452 shares of the company's stock after selling 3,253 shares during the quarter. Jackson Hole Capital Partners LLC's holdings in Citigroup were worth $4,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in Citigroup by 3.4% during the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after buying an additional 11,674 shares during the last quarter. Invesco Ltd. raised its stake in Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after buying an additional 1,970,300 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Citigroup by 109.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock valued at $88,458,000 after buying an additional 649,807 shares during the last quarter. Brighton Jones LLC raised its stake in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in Citigroup during the 1st quarter valued at $214,000. 71.72% of the stock is owned by institutional investors.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated 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 owned 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter B. Henry sold 3,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company's stock, valued at $193,456. This trade represents a 58.37% decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on C. Wells Fargo & Company boosted their target price on shares of Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Oppenheimer boosted their target price on shares of Citigroup from $107.00 to $123.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. TD Cowen upped their price objective on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada reduced their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group upped their price objective on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $96.46.

Citigroup Price Performance

Citigroup stock traded up $0.65 during mid-day trading on Friday, hitting $96.04. The stock had a trading volume of 13,537,763 shares, compared to its average volume of 16,283,003. The firm has a market capitalization of $179.37 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.82 and a beta of 1.34. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. The firm's 50 day moving average is $82.36 and its 200 day moving average is $76.25. Citigroup Inc. has a one year low of $53.51 and a one year high of $96.90.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. Citigroup's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. On average, sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, August 4th. This is an increase from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio is 33.09%.

Citigroup Company 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.