CenturyLink Investment Management Co trimmed its holdings in Citigroup Inc. (NYSE:C) by 7.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,115 shares of the financial services provider’s stock after selling 4,685 shares during the period. Citigroup comprises approximately 1.4% of CenturyLink Investment Management Co’s holdings, making the stock its 9th largest holding. CenturyLink Investment Management Co’s holdings in Citigroup were worth $4,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in C. Waldron LP raised its position in shares of Citigroup by 21.2% in the 1st quarter. Waldron LP now owns 7,301 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 1,276 shares in the last quarter. Greenhaven Associates Inc. raised its position in shares of Citigroup by 0.3% in the 1st quarter. Greenhaven Associates Inc. now owns 11,385,712 shares of the financial services provider’s stock valued at $681,093,000 after purchasing an additional 30,965 shares in the last quarter. Alerus Financial NA raised its position in shares of Citigroup by 1.1% in the 1st quarter. Alerus Financial NA now owns 77,877 shares of the financial services provider’s stock valued at $4,658,000 after purchasing an additional 861 shares in the last quarter. Agran Libbie raised its position in shares of Citigroup by 49.4% in the 1st quarter. Agran Libbie now owns 14,972 shares of the financial services provider’s stock valued at $896,000 after purchasing an additional 4,950 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of Citigroup by 3.4% in the 1st quarter. Wetherby Asset Management Inc. now owns 41,868 shares of the financial services provider’s stock valued at $2,505,000 after purchasing an additional 1,361 shares in the last quarter. 75.38% of the stock is currently owned by institutional investors.

Citigroup Inc. (NYSE C) traded up 1.49% on Tuesday, hitting $71.65. The stock had a trading volume of 8,362,400 shares. The firm’s 50-day moving average price is $67.96 and its 200-day moving average price is $63.62. The firm has a market cap of $195.21 billion, a P/E ratio of 14.34 and a beta of 1.47. Citigroup Inc. has a 1-year low of $45.16 and a 1-year high of $71.67.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 quarter in the previous year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post $5.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 7th were given a $0.32 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.81%. Citigroup’s payout ratio is presently 25.55%.

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

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A number of brokerages have issued reports on C. Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 target price on shares of Citigroup in a research report on Wednesday, September 13th. Societe Generale raised Citigroup from a “sell” rating to a “hold” rating and upped their target price for the company from $63.00 to $70.00 in a research report on Monday, September 11th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods set a $75.00 target price on Citigroup and gave the company a “buy” rating in a research report on Sunday, August 13th. Finally, HSBC Holdings plc set a $74.00 price target on Citigroup and gave the company a “hold” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $69.79.

In other news, CEO Francisco Aristeguieta sold 40,000 shares of Citigroup stock in a transaction on 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 directly owns 77,570 shares of the company’s stock, valued at approximately $5,239,853.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey R. Walsh sold 5,000 shares of Citigroup stock in a transaction on Friday, August 4th. The shares were 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 of the company’s stock, valued at $3,889,494.18. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

About Citigroup

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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