Tokio Marine Asset Management Co. Ltd. lowered its position in Citigroup Inc. (NYSE:C) by 28.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 29,252 shares of the financial services provider’s stock after selling 11,600 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Citigroup were worth $1,956,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Citigroup in the 1st quarter worth approximately $877,000. BlackRock Inc. lifted its position in shares of Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares during the period. Advisor Partners LLC lifted its position in shares of Citigroup by 10.6% in the 1st quarter. Advisor Partners LLC now owns 48,936 shares of the financial services provider’s stock worth $2,927,000 after purchasing an additional 4,685 shares during the period. Capital Advisors Inc. OK lifted its position in shares of Citigroup by 2.1% in the 1st quarter. Capital Advisors Inc. OK now owns 393,431 shares of the financial services provider’s stock worth $23,535,000 after purchasing an additional 8,070 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of Citigroup by 7.5% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 9,680,474 shares of the financial services provider’s stock worth $579,086,000 after purchasing an additional 672,933 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

C has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $73.42 target price on the stock in a research report on Monday, June 26th. Jefferies Group LLC reiterated a “hold” rating and set a $68.00 target price on shares of Citigroup in a research report on Friday, July 7th. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $72.00 target price (up previously from $64.00) on shares of Citigroup in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.08.

Citigroup Inc. (C) opened at 67.71 on Tuesday. Citigroup Inc. has a one year low of $45.16 and a one year high of $69.86. The stock has a market capitalization of $184.48 billion, a P/E ratio of 13.56 and a beta of 1.47. The company has a 50 day moving average of $67.68 and a 200-day moving average of $63.26.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. The firm had revenue of $17.90 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the company earned $1.24 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that Citigroup Inc. will post $5.22 earnings per share for the current fiscal year.

Citigroup announced that its board has approved a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $15.60 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 7th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.89%. This is an increase from Citigroup’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, August 3rd. Citigroup’s dividend payout ratio (DPR) is presently 25.55%.

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In related news, insider Jeffrey R. Walsh sold 5,000 shares of Citigroup stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $68.97, for a total value of $344,850.00. Following the completion of the sale, the insider now directly owns 56,394 shares in the company, valued at approximately $3,889,494.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Francisco Aristeguieta sold 40,000 shares of Citigroup stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $67.55, for a total value of $2,702,000.00. Following the completion of the sale, the chief executive officer now owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The disclosure for this sale can be found here. 0.10% of the stock is currently 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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