Citigroup Inc. (NYSE:C) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. increased its holdings in Citigroup Inc. (NYSE:CGet Rating) by 4.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 66,899 shares of the company’s stock after buying an additional 2,768 shares during the period. Raymond James Trust N.A.’s holdings in Citigroup were worth $3,077,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atalanta Sosnoff Capital LLC bought a new stake in Citigroup in the 2nd quarter valued at about $929,000. YHB Investment Advisors Inc. raised its position in shares of Citigroup by 1.5% during the 2nd quarter. YHB Investment Advisors Inc. now owns 71,903 shares of the company’s stock worth $3,307,000 after buying an additional 1,053 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of Citigroup by 5.5% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 8,945 shares of the company’s stock worth $411,000 after buying an additional 469 shares in the last quarter. Steph & Co. raised its position in shares of Citigroup by 16.2% during the 2nd quarter. Steph & Co. now owns 7,369 shares of the company’s stock worth $339,000 after buying an additional 1,026 shares in the last quarter. Finally, KMG Fiduciary Partners LLC raised its position in shares of Citigroup by 68.5% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 20,211 shares of the company’s stock worth $930,000 after buying an additional 8,215 shares in the last quarter. 71.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Citigroup Inc sold 4,614,358 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $36.25, for a total value of $167,270,477.50. Following the transaction, the insider now owns 15,318 shares of the company’s stock, valued at approximately $555,277.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Citigroup from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. Cfra reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Citigroup in a research note on Friday, July 15th. TheStreet cut shares of Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, June 21st. Seaport Res Ptn reaffirmed a “buy” rating on shares of Citigroup in a research note on Friday, July 8th. Finally, Morgan Stanley lowered their price objective on shares of Citigroup from $57.00 to $46.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.19.

Citigroup Stock Down 1.6 %

Shares of NYSE C opened at $45.58 on Friday. The firm’s 50-day simple moving average is $50.76 and its 200 day simple moving average is $50.80. The company has a market cap of $88.28 billion, a price-to-earnings ratio of 5.83, a price-to-earnings-growth ratio of 0.56 and a beta of 1.60. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. Citigroup Inc. has a 12-month low of $43.44 and a 12-month high of $73.72.

Citigroup (NYSE:CGet Rating) last released its earnings results on Friday, July 15th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.63. The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $18.32 billion. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.84 EPS. On average, research analysts expect that Citigroup Inc. will post 7.37 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Monday, August 1st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, July 29th. Citigroup’s dividend payout ratio (DPR) is presently 26.09%.

About Citigroup

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in 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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