Pinnacle Wealth Planning Services Inc. trimmed its position in Citigroup Inc (NYSE:C) by 20.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,008 shares of the financial services provider’s stock after selling 1,012 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Citigroup were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of C. LFA Lugano Financial Advisors SA bought a new stake in Citigroup in the 1st quarter valued at $27,000. Harvest Group Wealth Management LLC bought a new stake in Citigroup in the 1st quarter valued at $28,000. Larson Financial Group LLC bought a new stake in Citigroup in the 4th quarter valued at $29,000. Signet Investment Advisory Group Inc. bought a new stake in Citigroup in the 4th quarter valued at $32,000. Finally, Blume Capital Management Inc. increased its holdings in Citigroup by 4,615.4% in the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 68.45% of the company’s stock.

Shares of NYSE C opened at $62.61 on Tuesday. The stock has a market cap of $143.72 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.67 and a beta of 1.72. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $75.24.

Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.09. The business had revenue of $18.58 billion for the quarter, compared to the consensus estimate of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. On average, sell-side analysts forecast that Citigroup Inc will post 7.6 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $1.80 annualized dividend and a yield of 2.87%. Citigroup’s dividend payout ratio (DPR) is 27.07%.

In other Citigroup news, CEO Stephen Bird sold 30,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on the stock. Goldman Sachs Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 price target on the stock in a report on Thursday, May 30th. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Wells Fargo & Co set a $90.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Friday, May 3rd. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Morgan Stanley upped their price target on shares of Citigroup from $76.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.55.

COPYRIGHT VIOLATION WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2019/06/04/pinnacle-wealth-planning-services-inc-has-249000-stake-in-citigroup-inc-c.html.

Citigroup Company 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).

Read More: What type of investment options does a Roth IRA provide?

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.