Citigroup Inc. (NYSE:C) Holdings Trimmed by Rheos Capital Works Inc.

Rheos Capital Works Inc. cut its holdings in Citigroup Inc. (NYSE:C) by 77.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 146,500 shares of the company’s stock after selling 517,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in Citigroup were worth $10,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Daymark Wealth Partners LLC raised its position in Citigroup by 268.2% during the first quarter. Daymark Wealth Partners LLC now owns 10,778 shares of the company’s stock valued at $765,000 after buying an additional 7,851 shares during the period. CHICAGO TRUST Co NA increased its holdings in shares of Citigroup by 1.1% in the 1st quarter. CHICAGO TRUST Co NA now owns 29,367 shares of the company’s stock valued at $2,085,000 after purchasing an additional 315 shares during the period. Moss Adams Wealth Advisors LLC lifted its position in shares of Citigroup by 14.5% in the first quarter. Moss Adams Wealth Advisors LLC now owns 12,113 shares of the company’s stock worth $860,000 after purchasing an additional 1,530 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Citigroup by 20.1% during the first quarter. First Citizens Bank & Trust Co. now owns 6,189 shares of the company’s stock worth $439,000 after purchasing an additional 1,036 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in shares of Citigroup by 13.5% during the first quarter. Park Avenue Securities LLC now owns 74,803 shares of the company’s stock worth $5,310,000 after purchasing an additional 8,920 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the company’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Price Performance

NYSE C opened at $78.32 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $146.28 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.64 and a beta of 1.33. The business has a 50 day simple moving average of $69.43 and a 200 day simple moving average of $72.78. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74.

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

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a $0.56 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.86%. Citigroup’s dividend payout ratio (DPR) is 35.39%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on C shares. Royal Bank of Canada reduced their price target on Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Morgan Stanley reduced their target price on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. The Goldman Sachs Group dropped their price target on shares of Citigroup from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Evercore ISI reduced their price objective on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Finally, Oppenheimer reiterated an “outperform” rating on shares of Citigroup in a report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.97.

About Citigroup

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.