Triangle Securities Wealth Management Cuts Stock Position in Citigroup Inc. (NYSE:C)

Triangle Securities Wealth Management trimmed its holdings in Citigroup Inc. (NYSE:CGet Rating) by 4.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 30,712 shares of the company’s stock after selling 1,376 shares during the period. Triangle Securities Wealth Management’s holdings in Citigroup were worth $1,640,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Rehmann Capital Advisory Group increased its holdings in shares of Citigroup by 4.1% in the third quarter. Rehmann Capital Advisory Group now owns 5,569 shares of the company’s stock worth $391,000 after purchasing an additional 218 shares during the last quarter. Atria Investments LLC increased its stake in Citigroup by 6.6% in the 3rd quarter. Atria Investments LLC now owns 100,664 shares of the company’s stock worth $7,065,000 after acquiring an additional 6,267 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Citigroup during the 3rd quarter worth approximately $53,000. Cetera Advisor Networks LLC boosted its position in shares of Citigroup by 37.4% during the 3rd quarter. Cetera Advisor Networks LLC now owns 39,665 shares of the company’s stock valued at $2,784,000 after acquiring an additional 10,791 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Citigroup by 0.7% in the third quarter. Cetera Investment Advisers now owns 118,145 shares of the company’s stock valued at $8,291,000 after purchasing an additional 817 shares in the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Shares of C stock opened at $47.20 on Thursday. The stock’s fifty day moving average price is $50.22 and its 200 day moving average price is $56.95. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.92 and a quick ratio of 0.92. Citigroup Inc. has a 1-year low of $45.40 and a 1-year high of $74.64. The company has a market cap of $93.50 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.60.

Citigroup (NYSE:CGet Rating) last posted its quarterly earnings data on Thursday, April 14th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.74 by $0.28. Citigroup had a net margin of 22.95% and a return on equity of 10.96%. The business had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.12 billion. During the same period in the previous year, the firm posted $3.62 earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Citigroup Inc. will post 6.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Monday, May 2nd were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, April 29th. This represents a $2.04 dividend on an annualized basis and a yield of 4.32%. Citigroup’s dividend payout ratio is presently 24.06%.

A number of equities analysts have commented on the stock. BMO Capital Markets dropped their price objective on shares of Citigroup from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 18th. Jefferies Financial Group cut Citigroup from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $79.00 to $60.00 in a research note on Monday, March 7th. Keefe, Bruyette & Woods lowered Citigroup from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $81.00 to $64.00 in a research note on Thursday, March 3rd. TheStreet downgraded Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday. Finally, Barclays lowered their price target on Citigroup from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Citigroup currently has an average rating of “Hold” and a consensus price target of $69.87.

Citigroup Profile (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in 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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