Transce3nd LLC Sells 620 Shares of Citigroup Inc. (NYSE:C)

Transce3nd LLC cut its position in shares of Citigroup Inc. (NYSE:C) by 6.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,335 shares of the company’s stock after selling 620 shares during the period. Transce3nd LLC’s holdings in Citigroup were worth $591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of C. Geode Capital Management LLC increased its holdings in shares of Citigroup by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company’s stock valued at $2,853,484,000 after acquiring an additional 667,357 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Citigroup by 2.2% during the 4th 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 during the last quarter. FMR LLC grew its stake in Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company’s stock worth $2,418,754,000 after buying an additional 7,863,718 shares during the last quarter. Franklin Resources Inc. grew its stake in Citigroup by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company’s stock worth $2,311,048,000 after buying an additional 2,804,850 shares during the last quarter. Finally, Capital World Investors grew its stake in Citigroup by 455.2% during the 4th 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 during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 0.5%

C opened at $93.57 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99. The business’s 50 day moving average price is $79.99 and its 200 day moving average price is $75.29. Citigroup Inc. has a one year low of $53.51 and a one year high of $93.69. The stock has a market capitalization of $174.76 billion, a PE ratio of 13.81, a P/E/G ratio of 0.70 and a beta of 1.34.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion for the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.52 earnings per share. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a $0.60 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is presently 33.09%.

Insider Activity

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

Analyst Upgrades and Downgrades

C has been the subject of a number of research reports. Wall Street Zen cut Citigroup from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. TD Cowen boosted their price objective on Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday. Morgan Stanley boosted their price objective on Citigroup from $103.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday. Oppenheimer set a $123.00 price objective on Citigroup and gave the company an “outperform” rating in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $96.46.

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.