Citigroup Inc (NYSE:C) Holdings Cut by GenTrust LLC

GenTrust LLC lessened its stake in shares of Citigroup Inc (NYSE:C) by 47.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,870 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. GenTrust LLC’s holdings in Citigroup were worth $241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Condor Capital Management lifted its holdings in Citigroup by 0.5% in the fourth quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock valued at $1,651,000 after buying an additional 164 shares during the period. Highstreet Asset Management Inc. lifted its holdings in Citigroup by 1.9% in the fourth quarter. Highstreet Asset Management Inc. now owns 10,700 shares of the financial services provider’s stock valued at $557,000 after buying an additional 200 shares during the period. Canton Hathaway LLC lifted its holdings in Citigroup by 2.0% in the first quarter. Canton Hathaway LLC now owns 10,300 shares of the financial services provider’s stock valued at $640,000 after buying an additional 200 shares during the period. Endurance Wealth Management Inc. lifted its holdings in Citigroup by 2.0% in the first quarter. Endurance Wealth Management Inc. now owns 10,292 shares of the financial services provider’s stock valued at $640,000 after buying an additional 200 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in Citigroup by 49.5% in the first quarter. Sound Income Strategies LLC now owns 619 shares of the financial services provider’s stock valued at $38,000 after buying an additional 205 shares during the period. 76.08% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on C shares. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Monday, March 18th. Jefferies Financial Group upgraded shares of Citigroup from a “hold” rating to a “buy” rating and boosted their target price for the company from $64.00 to $73.00 in a report on Friday, February 22nd. HSBC set a $76.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Thursday, April 4th. UBS Group boosted their target price on shares of Citigroup from $78.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Co set a $90.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus target price of $79.39.

Shares of Citigroup stock traded up $0.40 on Friday, reaching $67.48. 8,901,939 shares of the company traded hands, compared to its average volume of 12,308,705. Citigroup Inc has a 52 week low of $48.42 and a 52 week high of $75.24. The company has a market capitalization of $155.12 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.73 and a beta of 1.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.

Citigroup (NYSE:C) last released its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm had revenue of $18.58 billion during the quarter, compared to the consensus estimate of $18.56 billion. During the same period in the prior year, the firm earned $1.68 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Equities analysts expect that Citigroup Inc will post 7.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s dividend payout ratio is currently 27.07%.

In related news, CEO Stephen Bird sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

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Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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