Lake Street Advisors Group LLC lowered its position in Citigroup Inc (NYSE:C) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,915 shares of the financial services provider’s stock after selling 1,621 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Citigroup were worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its holdings in shares of Citigroup by 3.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 2,981,000 shares of the financial services provider’s stock worth $201,218,000 after purchasing an additional 100,000 shares during the last quarter. Tiverton Asset Management LLC grew its holdings in shares of Citigroup by 120.7% in the first quarter. Tiverton Asset Management LLC now owns 56,050 shares of the financial services provider’s stock worth $3,783,000 after purchasing an additional 30,657 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Citigroup by 42.5% in the first quarter. Signaturefd LLC now owns 13,140 shares of the financial services provider’s stock worth $887,000 after purchasing an additional 3,919 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Citigroup by 102.8% in the first quarter. AdvisorNet Financial Inc now owns 6,992 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 3,544 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Citigroup by 2.0% in the first quarter. US Bancorp DE now owns 529,847 shares of the financial services provider’s stock worth $35,764,000 after purchasing an additional 10,476 shares during the last quarter. 74.78% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on C shares. Deutsche Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, June 20th. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $85.00 target price on shares of Citigroup in a report on Monday, July 16th. Morgan Stanley dropped their target price on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, July 16th. Finally, Oppenheimer increased their target price on shares of Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $81.65.

NYSE:C opened at $70.88 on Tuesday. Citigroup Inc has a fifty-two week low of $64.38 and a fifty-two week high of $80.70. The stock has a market capitalization of $181.29 billion, a PE ratio of 13.30, a PEG ratio of 0.96 and a beta of 1.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%. The business had revenue of $18.47 billion for the quarter, compared to analysts’ expectations of $18.43 billion. equities research analysts forecast that Citigroup Inc will post 6.57 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 6th were issued a $0.45 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Friday, August 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.77%.

In related news, insider Raja Akram sold 500 shares of the stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total value of $34,605.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francisco Aristeguieta sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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