Citigroup Inc. (NYSE:C) Stock Holdings Trimmed by Trust Point Inc.

Trust Point Inc. reduced its position in Citigroup Inc. (NYSE:C - Free Report) by 26.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,010 shares of the company's stock after selling 3,550 shares during the period. Trust Point Inc.'s holdings in Citigroup were worth $711,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of C. Norges Bank purchased a new position in Citigroup in the 4th quarter valued at approximately $1,935,599,000. Capital World Investors increased its stake in Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after purchasing an additional 25,705,141 shares in the last quarter. FMR LLC increased its stake in Citigroup by 29.7% in the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Citigroup in the 4th quarter valued at approximately $198,231,000. Finally, Franklin Resources Inc. increased its position in Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after buying an additional 2,804,850 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 1.2%

Shares of C traded up $0.92 during midday trading on Thursday, reaching $78.28. 14,863,163 shares of the company were exchanged, compared to its average volume of 14,496,745. The stock has a 50-day moving average price of $72.27 and a 200-day moving average price of $73.21. The company has a market cap of $146.20 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.60 and a beta of 1.33. Citigroup Inc. has a 1-year low of $53.51 and a 1-year 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.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

Analyst Upgrades and Downgrades

C has been the subject of several recent research reports. Cowen initiated coverage on Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating for the company. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. TD Cowen initiated coverage on Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target for the company. Finally, Morgan Stanley dropped their price target on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.30.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.08% of the company's stock.

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.