Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in shares of Citigroup Inc (NYSE:C) by 8.6% in the first quarter, Holdings Channel.com reports. The firm owned 604,106 shares of the financial services provider’s stock after selling 56,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Citigroup were worth $25,445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in C. Abbrea Capital LLC lifted its stake in shares of Citigroup by 2.8% during the 4th quarter. Abbrea Capital LLC now owns 4,750 shares of the financial services provider’s stock valued at $379,000 after buying an additional 130 shares in the last quarter. Culbertson A N & Co. Inc. grew its holdings in shares of Citigroup by 0.5% in the fourth quarter. Culbertson A N & Co. Inc. now owns 26,730 shares of the financial services provider’s stock worth $2,135,000 after purchasing an additional 131 shares during the last quarter. RDA Financial Network raised its stake in shares of Citigroup by 4.6% during the fourth quarter. RDA Financial Network now owns 3,178 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 140 shares in the last quarter. CAPROCK Group Inc. grew its position in shares of Citigroup by 0.6% during the 4th quarter. CAPROCK Group Inc. now owns 25,501 shares of the financial services provider’s stock worth $2,037,000 after buying an additional 140 shares in the last quarter. Finally, Sageworth Trust Co increased its position in Citigroup by 21.7% during the 4th quarter. Sageworth Trust Co now owns 842 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 150 shares during the period. Institutional investors own 78.58% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 1st. TheStreet cut Citigroup from a “b” rating to a “c+” rating in a research note on Tuesday, March 17th. Societe Generale upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Deutsche Bank reaffirmed a “neutral” rating and issued a $61.00 price objective (down from $81.00) on shares of Citigroup in a research report on Thursday, April 2nd. Finally, Argus upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, April 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $77.68.

Citigroup stock traded down $0.90 during trading on Friday, reaching $44.10. 22,624,031 shares of the company were exchanged, compared to its average volume of 29,626,596. The stock’s 50 day simple moving average is $43.88 and its two-hundred day simple moving average is $64.42. Citigroup Inc has a 52-week low of $32.00 and a 52-week high of $83.11. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $93.68 billion, a P/E ratio of 6.11, a PEG ratio of 1.41 and a beta of 1.83.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, April 15th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Citigroup had a return on equity of 9.15% and a net margin of 16.56%. The company had revenue of $20.73 billion during the quarter, compared to analysts’ expectations of $18.98 billion. During the same period last year, the business posted $1.87 EPS. Citigroup’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities analysts forecast that Citigroup Inc will post 3.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Friday, May 1st. Citigroup’s dividend payout ratio is currently 26.91%.

Citigroup 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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