Kingsview Wealth Management LLC reduced its position in Citigroup Inc. (NYSE:C – Get Rating) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,523 shares of the company’s stock after selling 303 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Citigroup were worth $980,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Citigroup by 0.8% during the third quarter. Vanguard Group Inc. now owns 165,678,243 shares of the company’s stock worth $6,903,812,000 after buying an additional 1,316,516 shares in the last quarter. Snider Financial Group grew its position in shares of Citigroup by 96,645.9% during the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after buying an additional 84,407,589 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Citigroup by 3.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,565,095 shares of the company’s stock worth $761,829,000 after buying an additional 526,282 shares in the last quarter. Artisan Partners Limited Partnership grew its position in shares of Citigroup by 9.8% during the second quarter. Artisan Partners Limited Partnership now owns 15,631,074 shares of the company’s stock worth $718,873,000 after buying an additional 1,389,718 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Citigroup by 3.7% during the second quarter. Legal & General Group Plc now owns 15,342,406 shares of the company’s stock worth $705,598,000 after buying an additional 553,863 shares in the last quarter. 70.90% of the stock is owned by institutional investors and hedge funds.
Citigroup Price Performance
Citigroup stock opened at $47.40 on Wednesday. Citigroup Inc. has a 12 month low of $40.01 and a 12 month high of $58.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day simple moving average of $50.30 and a 200-day simple moving average of $47.47. The stock has a market capitalization of $92.13 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 1.63 and a beta of 1.59.
Citigroup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Monday, February 6th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Friday, February 3rd. Citigroup’s dividend payout ratio is presently 29.14%.
Analysts Set New Price Targets
C has been the subject of a number of analyst reports. Morgan Stanley lowered their price objective on Citigroup from $45.00 to $41.00 and set an “underweight” rating for the company in a research report on Friday, January 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Citigroup from $52.00 to $46.00 in a report on Friday, January 6th. Bank of America upped their price target on Citigroup from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, January 16th. TheStreet raised Citigroup from a “c+” rating to a “b-” rating in a report on Monday, March 6th. Finally, Oppenheimer upped their price target on Citigroup from $83.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Hold” and a consensus target price of $56.47.
Insider Buying and Selling
In related news, CEO Titilope Cole sold 11,903 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $51.10, for a total transaction of $608,243.30. Following the transaction, the chief executive officer now owns 65,764 shares of the company’s stock, valued at $3,360,540.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Citigroup news, insider Sara Wechter sold 2,950 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $50.77, for a total value of $149,771.50. Following the sale, the insider now owns 82,779 shares of the company’s stock, valued at $4,202,689.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Titilope Cole sold 11,903 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $51.10, for a total value of $608,243.30. Following the completion of the sale, the chief executive officer now directly owns 65,764 shares in the company, valued at approximately $3,360,540.40. The disclosure for this sale can be found here. Insiders have sold 27,353 shares of company stock valued at $1,403,390 over the last quarter. Company insiders own 0.08% of the company’s stock.
Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.
- Get a free copy of the StockNews.com research report on Citigroup (C)
- Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
- GitLab Crashes On Guidance; Analysts Defend
- Healthcare Stocks With at Least 30 Years of Dividend Increases
- Coinbase Pops As SVB Crumbles To Dust
- Airlines Update Guidance, Shares Head For Different Destinations
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Get Rating).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.