KMG Fiduciary Partners LLC Decreases Holdings in Citigroup Inc. (NYSE:C)

KMG Fiduciary Partners LLC trimmed its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 68.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,548 shares of the company's stock after selling 27,824 shares during the period. KMG Fiduciary Partners LLC's holdings in Citigroup were worth $891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. American Century Companies Inc. lifted its stake in shares of Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after buying an additional 11,674 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. Candriam S.C.A. lifted its stake in shares of Citigroup by 12.7% in the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after buying an additional 22,657 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Finally, Unified Investment Management purchased a new position in shares of Citigroup in the fourth quarter worth about $658,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

Citigroup Price Performance

Shares of C opened at $78.32 on Monday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The stock has a market cap of $146.28 billion, a PE ratio of 13.16, a P/E/G ratio of 0.64 and a beta of 1.33. The firm has a 50-day simple moving average of $69.43 and a two-hundred day simple moving average of $72.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. As a group, analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio is presently 35.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, Wall Street Zen upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and a consensus target price of $83.97.

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.

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