Envestnet Asset Management Inc. cut its position in Citigroup Inc (NYSE:C) by 6.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 97,259 shares of the financial services provider’s stock after selling 6,566 shares during the period. Envestnet Asset Management Inc.’s holdings in Citigroup were worth $6,508,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Legacy Advisors LLC raised its holdings in shares of Citigroup by 349.7% during the second quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,336 shares during the last quarter. Stelac Advisory Services LLC purchased a new position in shares of Citigroup during the first quarter valued at approximately $116,000. IMA Wealth Inc. purchased a new position in shares of Citigroup during the second quarter valued at approximately $129,000. Bedel Financial Consulting Inc. purchased a new position in shares of Citigroup during the first quarter valued at approximately $133,000. Finally, Twin Tree Management LP raised its holdings in shares of Citigroup by 100.4% during the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 535,686 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

In other news, insider Raja Akram sold 500 shares of the stock in a transaction 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 filing with the SEC, which is available at this link. Also, CEO Francisco Aristeguieta sold 15,000 shares of the stock in a transaction 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 owned by corporate insiders.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Goldman Sachs Group set a $78.00 target price on shares of Citigroup and gave the company a “neutral” rating in a report on Friday, July 20th. Finally, BMO Capital Markets upped their target price on shares of Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $81.65.

Shares of NYSE:C opened at $69.64 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup Inc has a fifty-two week low of $64.38 and a fifty-two week high of $80.70. The firm has a market cap of $180.19 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.95 and a beta of 1.45.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.08. The company had revenue of $18.47 billion for the quarter, compared to the consensus estimate of $18.43 billion. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%. research analysts anticipate that Citigroup Inc will post 6.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Monday, August 6th were paid a dividend of $0.45 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, August 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%. Citigroup’s dividend payout ratio is presently 33.77%.

Citigroup Company 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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