Philadelphia Trust Co. Reduces Position in Citigroup Inc (C)

Philadelphia Trust Co. reduced its position in Citigroup Inc (NYSE:C) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,920 shares of the financial services provider’s stock after selling 100 shares during the period. Philadelphia Trust Co.’s holdings in Citigroup were worth $411,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Tarbox Group Inc. boosted its position in Citigroup by 0.8% in the third quarter. Tarbox Group Inc. now owns 4,799 shares of the financial services provider’s stock worth $227,000 after buying an additional 40 shares in the last quarter. Financial Architects Inc boosted its position in shares of Citigroup by 0.5% in the third quarter. Financial Architects Inc now owns 8,828 shares of the financial services provider’s stock worth $417,000 after buying an additional 41 shares during the period. Perritt Capital Management Inc. boosted its position in shares of Citigroup by 0.7% in the fourth quarter. Perritt Capital Management Inc. now owns 6,887 shares of the financial services provider’s stock worth $409,000 after buying an additional 50 shares during the period. Cypress Wealth Advisors LLC boosted its position in shares of Citigroup by 1.1% in the fourth quarter. Cypress Wealth Advisors LLC now owns 4,879 shares of the financial services provider’s stock worth $290,000 after buying an additional 53 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Citigroup by 0.7% in the third quarter. Proficio Capital Partners LLC now owns 15,056 shares of the financial services provider’s stock worth $711,000 after buying an additional 100 shares during the period. Institutional investors own 73.82% of the company’s stock.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Citigroup Inc (NYSE:C) traded down 0.65% during midday trading on Friday, reaching $58.03. 5,794,532 shares of the company’s stock were exchanged. The stock has a market capitalization of $159.77 billion, a price-to-earnings ratio of 11.69 and a beta of 1.68. Citigroup Inc has a 12-month low of $38.31 and a 12-month high of $62.53. The stock’s 50-day moving average is $59.64 and its 200-day moving average is $56.76.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.11. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.75 billion. Citigroup had a net margin of 18.10% and a return on equity of 7.09%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. On average, equities analysts forecast that Citigroup Inc will post $5.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 1st will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, April 27th. This represents a $0.64 annualized dividend and a yield of 1.10%. Citigroup’s dividend payout ratio is presently 13.56%.

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A number of research analysts have recently issued reports on the company. Nomura reaffirmed a “buy” rating and set a $69.00 price objective on shares of Citigroup in a research note on Monday. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a research note on Monday, April 10th. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $66.78 price objective on the stock in a research note on Monday, April 10th. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $53.00 to $69.00 in a research note on Wednesday, April 5th. Finally, Rafferty Capital Markets reaffirmed a “buy” rating and set a $66.00 price objective on shares of Citigroup in a research note on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.30.

In related news, President James A. Forese sold 55,436 shares of the firm’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $59.60, for a total transaction of $3,303,985.60. Following the sale, the president now owns 565,438 shares in the company, valued at $33,700,104.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider W. Bradford Hu sold 10,109 shares of Citigroup stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $55.96, for a total transaction of $565,699.64. Following the completion of the sale, the insider now owns 37,137 shares in the company, valued at approximately $2,078,186.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,303 shares of company stock worth $12,606,410. 0.13% of the stock is owned by company insiders.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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