First Citizens Bank & Trust Co. Sells 45,505 Shares of Citigroup Inc (C)

First Citizens Bank & Trust Co. decreased its holdings in shares of Citigroup Inc (NYSE:C) by 54.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,951 shares of the financial services provider’s stock after selling 45,505 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Citigroup were worth $2,361,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of C. Bank of New York Mellon Corp boosted its holdings in Citigroup by 96,369.8% in the third quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock valued at $2,982,839,000 after acquiring an additional 41,535,375 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Citigroup by 5,064.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 39,262,981 shares during the last quarter. Northern Trust Corp boosted its holdings in Citigroup by 1.9% in the fourth quarter. Northern Trust Corp now owns 32,154,657 shares of the financial services provider’s stock valued at $1,673,972,000 after acquiring an additional 604,791 shares during the last quarter. ValueAct Holdings L.P. boosted its holdings in Citigroup by 20.2% in the fourth quarter. ValueAct Holdings L.P. now owns 31,525,500 shares of the financial services provider’s stock valued at $1,641,218,000 after acquiring an additional 5,300,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Citigroup by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 30,039,886 shares of the financial services provider’s stock valued at $1,561,201,000 after acquiring an additional 1,187,619 shares during the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Shares of NYSE:C opened at $67.90 on Friday. The firm has a market capitalization of $173.81 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 0.73 and a beta of 1.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24.

Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.09. The business had revenue of $18.58 billion during the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 earnings per share. As a group, equities analysts anticipate that Citigroup Inc will post 7.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 27.07%.

A number of brokerages recently weighed in on C. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co set a $90.00 target price on Citigroup and gave the company a “buy” rating in a report on Friday, May 3rd. ValuEngine upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Morgan Stanley lifted their target price on Citigroup from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, UBS Group lifted their target price on Citigroup from $78.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $80.29.

In related news, CEO Stephen Bird sold 30,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $69.33, for a total value of $2,079,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Whitaker sold 7,000 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. Insiders sold 42,420 shares of company stock valued at $2,870,923 in the last three months. Company insiders own 0.09% of the company’s stock.

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About Citigroup

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).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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