Whittier Trust Co. Sells 2,925 Shares of Citigroup Inc. (NYSE:C)

Whittier Trust Co. trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 38,287 shares of the company's stock after selling 2,925 shares during the period. Whittier Trust Co.'s holdings in Citigroup were worth $2,718,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Citigroup during the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup during the first quarter worth about $28,000. American National Bank & Trust bought a new position in Citigroup during the first quarter worth about $29,000. Mascagni Wealth Management Inc. bought a new position in Citigroup during the fourth quarter worth about $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Citigroup by 68.2% during the first quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock worth $38,000 after acquiring an additional 234 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Insider Activity 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 directly owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter B. Henry sold 3,000 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director owned 2,140 shares in the company, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.08% of the company's stock.

Citigroup Trading Up 0.4%

C traded up $0.35 during trading on Friday, reaching $93.44. 16,590,582 shares of the stock traded hands, compared to its average volume of 14,699,795. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $174.52 billion, a PE ratio of 13.80, a P/E/G ratio of 0.68 and a beta of 1.34. The stock's 50-day moving average is $80.43 and its 200 day moving average is $75.48. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $93.80.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. During the same quarter last year, the firm earned $1.52 EPS. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley lifted their price target on Citigroup from $103.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday. Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday, July 7th. Bank of America lifted their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Cowen assumed coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Finally, Barclays lifted their price target on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.46.

About Citigroup

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.