Silvercrest Asset Management Group LLC Lowers Stock Holdings in Citigroup Inc. (NYSE:C)

Silvercrest Asset Management Group LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,479,231 shares of the company's stock after selling 16,483 shares during the period. Silvercrest Asset Management Group LLC owned 0.08% of Citigroup worth $104,123,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of C. Norges Bank acquired a new position in Citigroup in the fourth quarter valued at $1,935,599,000. Capital World Investors lifted its holdings in Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after buying an additional 25,705,141 shares during the period. FMR LLC lifted its holdings in Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after buying an additional 7,863,718 shares during the period. Swedbank AB lifted its holdings in Citigroup by 90.2% in the fourth quarter. Swedbank AB now owns 8,326,745 shares of the company's stock valued at $586,120,000 after buying an additional 3,947,912 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Citigroup in the fourth quarter valued at $198,231,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction 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 approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Up 0.5%

NYSE:C traded up $0.38 during trading hours on Monday, reaching $76.10. The company's stock had a trading volume of 12,686,318 shares, compared to its average volume of 14,515,217. The firm has a market capitalization of $142.13 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 0.64 and a beta of 1.30. The firm has a 50-day simple moving average of $68.12 and a 200-day simple moving average of $71.98. Citigroup Inc. has a 1 year low of $53.51 and a 1 year 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.

Citigroup (NYSE:C - Get Free Report) last announced its 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. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.94%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their target price 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. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price target (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. The Goldman Sachs Group cut their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Royal Bank of Canada cut their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Finally, Evercore ISI cut their price target 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $83.97.

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.