Duff & Phelps Investment Management Co. trimmed its holdings in Citigroup Inc. (NYSE:C) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,911 shares of the financial services provider’s stock after selling 2,540 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Citigroup were worth $2,134,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. increased its holdings in Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after acquiring an additional 4,391,347 shares during the last quarter. FMR LLC increased its holdings in Citigroup by 18.2% in the 1st quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock valued at $6,325,535,000 after acquiring an additional 16,257,931 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Citigroup by 31.3% in the 1st quarter. Bank of New York Mellon Corp now owns 43,167,279 shares of the financial services provider’s stock valued at $2,582,269,000 after acquiring an additional 10,294,403 shares during the last quarter. Finally, Harris Associates L P lifted its stake in Citigroup by 25.9% in the 1st quarter. Harris Associates L P now owns 41,129,780 shares of the financial services provider’s stock worth $2,460,384,000 after purchasing an additional 8,464,257 shares in the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.

C has been the topic of several research reports. Wells Fargo & Company reiterated a “buy” rating on shares of Citigroup in a research report on Monday. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Raymond James Financial, Inc. restated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. Finally, Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $71.16.

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In other Citigroup news, insider Jeffrey R. Walsh sold 5,000 shares of the company’s stock in a transaction dated 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 owns 56,394 shares in the company, valued at approximately $3,889,494.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Francisco Aristeguieta sold 40,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were 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 in the company, valued at approximately $5,239,853.50. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Citigroup Inc. (C) opened at 73.80 on Tuesday. The company has a market cap of $201.07 billion, a P/E ratio of 14.77 and a beta of 1.45. Citigroup Inc. has a 52-week low of $47.08 and a 52-week high of $73.89. The stock’s 50 day moving average price is $68.94 and its 200-day moving average price is $64.41.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc. will post $5.20 earnings per share for the current fiscal year.

Citigroup declared that its Board of Directors has approved a share buyback program on Wednesday, June 28th that authorizes the company to buyback $15.60 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Citigroup 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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