NS Partners Ltd cut its stake in shares of Citigroup Inc. (NYSE:C) by 56.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 94,478 shares of the financial services provider’s stock after selling 120,816 shares during the period. NS Partners Ltd’s holdings in Citigroup were worth $5,652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in C. BlackRock Inc. boosted its position in Citigroup by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after buying an additional 189,447,104 shares during the period. Vanguard Group Inc. boosted its position in Citigroup by 2.5% in the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after buying an additional 4,391,347 shares during the period. FMR LLC boosted its position in Citigroup by 18.2% in the first quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock valued at $6,325,535,000 after buying an additional 16,257,931 shares during the period. Bank of New York Mellon Corp boosted its position in Citigroup by 31.3% in the first quarter. Bank of New York Mellon Corp now owns 43,167,279 shares of the financial services provider’s stock valued at $2,582,269,000 after buying an additional 10,294,403 shares during the period. Finally, Harris Associates L P boosted its position in Citigroup by 25.9% in the first quarter. Harris Associates L P now owns 41,129,780 shares of the financial services provider’s stock valued at $2,460,384,000 after buying an additional 8,464,257 shares during the period. Institutional investors own 74.89% of the company’s stock.

Shares of Citigroup Inc. (C) traded down 0.62% during trading on Friday, hitting $66.80. 15,172,831 shares of the stock traded hands. Citigroup Inc. has a 1-year low of $45.16 and a 1-year high of $69.86. The stock has a market cap of $182.00 billion, a price-to-earnings ratio of 13.37 and a beta of 1.48. The stock has a 50 day moving average price of $67.22 and a 200-day moving average price of $61.90.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.07. The company had revenue of $17.90 billion for the quarter, compared to the consensus estimate of $17.38 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. Equities analysts forecast that Citigroup Inc. will post $5.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 7th will be issued a $0.32 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.16. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 3rd. Citigroup’s payout ratio is 25.55%.

Citigroup declared that its Board of Directors has authorized a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $15.60 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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C has been the subject of several research analyst reports. Credit Suisse Group reiterated an “outperform” rating and issued a $76.00 price target (up previously from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. BidaskClub cut shares of Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a report on Monday, July 3rd. HSBC Holdings plc initiated coverage on shares of Citigroup in a report on Tuesday, July 11th. They issued a “hold” rating and a $71.00 price target for the company. Finally, Zacks Investment Research cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $69.08.

In related news, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $68.97, for a total value of $344,850.00. Following the transaction, the insider now directly owns 56,394 shares of the company’s stock, valued at approximately $3,889,494.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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