Victory Capital Management Inc. Has $119.66 Million Holdings in Citigroup Inc. (NYSE:C)

Victory Capital Management Inc. cut its holdings in Citigroup Inc. (NYSE:C) by 15.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,685,522 shares of the company’s stock after selling 317,975 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Citigroup worth $119,655,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in Citigroup during the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup during the first quarter worth about $28,000. American National Bank & Trust acquired a new stake in Citigroup during the first quarter worth about $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $34,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on 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 directly owned 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. Bank of America raised their price target on shares of Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. Barclays raised their price target on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer set a $123.00 price target on shares of Citigroup and gave the company an “outperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.46.

Citigroup Trading Down 0.7%

NYSE C opened at $90.06 on Thursday. The stock has a market capitalization of $168.20 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.71 and a beta of 1.34. Citigroup Inc. has a one year low of $53.51 and a one year high of $91.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The business’s fifty day moving average is $79.56 and its 200-day moving average is $75.13.

Citigroup (NYSE:C) last released its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The company had revenue of $21.67 billion for the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a return on equity of 7.33% and a net margin of 8.44%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. Equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.67%. This is a boost from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. Citigroup’s payout ratio is presently 35.45%.

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.