Toronto Dominion Bank Has $74.88 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Toronto Dominion Bank lessened its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,063,750 shares of the company's stock after selling 31,122 shares during the period. Toronto Dominion Bank owned approximately 0.06% of Citigroup worth $74,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in C. RDA Financial Network boosted its stake in shares of Citigroup by 12.7% in the 4th quarter. RDA Financial Network now owns 3,930 shares of the company's stock valued at $277,000 after purchasing an additional 443 shares in the last quarter. Chemistry Wealth Management LLC lifted its stake in Citigroup by 9.9% in the 4th quarter. Chemistry Wealth Management LLC now owns 4,645 shares of the company's stock valued at $327,000 after purchasing an additional 419 shares during the last quarter. Merit Financial Group LLC boosted its position in Citigroup by 294.8% in the fourth quarter. Merit Financial Group LLC now owns 27,469 shares of the company's stock valued at $1,934,000 after buying an additional 20,512 shares in the last quarter. Albert D Mason Inc. bought a new stake in shares of Citigroup during the fourth quarter worth $208,000. Finally, Brooklyn Investment Group increased its holdings in shares of Citigroup by 7.5% during the fourth quarter. Brooklyn Investment Group now owns 6,310 shares of the company's stock worth $444,000 after buying an additional 439 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Down 3.2%

Shares of NYSE:C traded down $2.46 during midday trading on Wednesday, reaching $73.44. The company's stock had a trading volume of 17,137,591 shares, compared to its average volume of 14,527,570. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50 day moving average price of $68.46 and a two-hundred day moving average price of $72.09. The firm has a market capitalization of $137.17 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results 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 business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.05%. Citigroup's payout ratio is presently 35.39%.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on C shares. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Tuesday. TD Cowen initiated coverage on Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective for the company. Evercore ISI reduced their target price 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. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Morgan Stanley reduced their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target of $83.97.

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.