Citigroup Inc. (NYSE:C) Stock Position Decreased by KLCM Advisors Inc.

KLCM Advisors Inc. lessened its position in Citigroup Inc. (NYSE:C - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 392,176 shares of the company's stock after selling 44,684 shares during the quarter. Citigroup comprises 3.3% of KLCM Advisors Inc.'s holdings, making the stock its 3rd largest position. KLCM Advisors Inc.'s holdings in Citigroup were worth $27,841,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Citigroup by 2.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock worth $2,714,359,000 after buying an additional 815,003 shares in the last quarter. Capital World Investors lifted its position in Citigroup by 455.2% during the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after buying an additional 25,705,141 shares in the last quarter. Northern Trust Corp lifted its position in Citigroup by 13.9% during the fourth quarter. Northern Trust Corp now owns 20,232,550 shares of the company's stock worth $1,424,169,000 after buying an additional 2,467,958 shares in the last quarter. Invesco Ltd. lifted its position in Citigroup by 3.6% during the first quarter. Invesco Ltd. now owns 16,839,915 shares of the company's stock worth $1,195,466,000 after buying an additional 592,820 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Citigroup by 179.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after buying an additional 9,334,038 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Trading Down 1.1%

C opened at $94.72 on Thursday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $96.90. The stock has a market capitalization of $174.37 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.82 and a beta of 1.38. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The business has a fifty day moving average price of $87.15 and a 200 day moving average price of $77.67.

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Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same period in the previous year, the firm posted $1.52 EPS. Citigroup's revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

Analyst Upgrades and Downgrades

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C has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Evercore ISI set a $77.00 target price on Citigroup in a research note on Monday, July 7th. TD Cowen raised their target price on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods reissued a "buy" rating on shares of Citigroup in a research note on Wednesday, July 16th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and an average price target of $96.54.

Get Our Latest Report on Citigroup

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by company insiders.

Citigroup Profile

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.

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