North Star Investment Management Corp. Lowers Holdings in Citigroup Inc. (NYSE:C)

North Star Investment Management Corp. reduced its position in shares of Citigroup Inc. (NYSE:C) by 3.6% during the 1st quarter, HoldingsChannel reports. The firm owned 6,820 shares of the company’s stock after selling 255 shares during the period. North Star Investment Management Corp.’s holdings in Citigroup were worth $484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of C. Brighton Jones LLC increased its stake in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the period. Union Bancaire Privee UBP SA bought a new position in Citigroup during the 4th quarter worth about $10,400,000. Banque Pictet & Cie SA increased its position in Citigroup by 27.4% during the 4th quarter. Banque Pictet & Cie SA now owns 7,947 shares of the company’s stock valued at $559,000 after purchasing an additional 1,707 shares during the period. Principal Securities Inc. raised its holdings in shares of Citigroup by 12.5% in the 4th quarter. Principal Securities Inc. now owns 44,681 shares of the company’s stock valued at $3,145,000 after purchasing an additional 4,951 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Citigroup by 28.3% in the 4th quarter. Allworth Financial LP now owns 43,373 shares of the company’s stock worth $3,053,000 after purchasing an additional 9,573 shares during the period. 71.72% of the stock is owned by institutional investors.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director now directly owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

Citigroup Price Performance

Citigroup stock opened at $76.30 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $71.01 and a 200-day simple moving average of $73.05. The stock has a market cap of $142.51 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.94%. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Bank of America cut their price objective on shares of Citigroup from $90.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price target on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Cowen began coverage on Citigroup in a research report on Wednesday, May 14th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Citigroup from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.30.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.