Busey Trust CO lowered its position in Citigroup Inc. (NYSE:C) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 203,042 shares of the financial services provider’s stock after selling 3,514 shares during the period. Citigroup comprises approximately 1.9% of Busey Trust CO’s holdings, making the stock its 14th largest position. Busey Trust CO’s holdings in Citigroup were worth $13,579,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of C. Endurance Wealth Management Inc. boosted its holdings in shares of Citigroup by 0.3% during the 1st quarter. Endurance Wealth Management Inc. now owns 9,837 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 25 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of Citigroup by 0.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 40 shares during the last quarter. Regal Investment Advisors LLC boosted its holdings in shares of Citigroup by 2.0% during the 1st quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 74 shares during the last quarter. Arrow Financial Corp boosted its holdings in shares of Citigroup by 4.7% during the 1st quarter. Arrow Financial Corp now owns 1,896 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 85 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Citigroup by 2.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 4,425 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 93 shares during the last quarter. 75.38% of the stock is owned by institutional investors.

C has been the subject of several research reports. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Vetr raised shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $73.42 price objective for the company in a report on Monday, June 26th. Jefferies Group LLC reissued a “hold” rating and set a $68.00 price objective on shares of Citigroup in a report on Friday, July 7th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $72.00 price objective (up previously from $64.00) on shares of Citigroup in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $69.79.

Citigroup Inc. (NYSE C) opened at 70.60 on Tuesday. Citigroup Inc. has a 12 month low of $45.16 and a 12 month high of $70.93. The stock has a market capitalization of $192.35 billion, a price-to-earnings ratio of 14.13 and a beta of 1.47. The stock’s 50 day moving average is $67.96 and its 200-day moving average is $63.62.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The firm had revenue of $17.90 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the business 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 expect that Citigroup Inc. will post $5.22 earnings per share for the current year.

Citigroup announced that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $15.60 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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

In related news, CEO Francisco Aristeguieta sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey R. Walsh sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $68.97, for a total transaction of $344,850.00. Following the sale, the insider now directly owns 56,394 shares in the company, valued at $3,889,494.18. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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