Citigroup Inc. (NYSE:C) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 48.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 55,055 shares of the company's stock after selling 52,352 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Citigroup were worth $3,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Orion Capital Management LLC purchased a new position in Citigroup in the 4th quarter valued at approximately $28,000. American National Bank & Trust purchased a new position in Citigroup in the 1st quarter valued at approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the 4th quarter valued at approximately $34,000. Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the 4th quarter valued at approximately $39,000. Finally, Whipplewood Advisors LLC boosted its position in Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock valued at $40,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Up 1.2%

NYSE:C traded up $0.97 during midday trading on Monday, hitting $79.42. 11,937,856 shares of the company were exchanged, compared to its average volume of 14,500,172. The company has a fifty day simple moving average of $72.60 and a 200 day simple moving average of $73.28. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $148.34 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33.

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid 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 yield of 2.82%. Citigroup's dividend payout ratio is currently 35.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen assumed coverage on shares of Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target for the company. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Bank of America decreased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Evercore ISI decreased their price target 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. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $83.30.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction 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 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 SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.

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.