Tiedemann Advisors LLC trimmed its position in shares of Citigroup Inc (NYSE:C) by 17.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,774 shares of the financial services provider’s stock after selling 1,452 shares during the quarter. Tiedemann Advisors LLC’s holdings in Citigroup were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Quarterback LLC bought a new position in shares of Citigroup during the fourth quarter valued at about $17,296,742,000. Norges Bank bought a new position in shares of Citigroup during the fourth quarter valued at about $2,180,333,000. GQG Partners LLC bought a new stake in shares of Citigroup in the fourth quarter worth about $671,482,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Citigroup by 519.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,153,867 shares of the financial services provider’s stock worth $251,962,000 after purchasing an additional 2,645,001 shares during the last quarter. Finally, Cullen Capital Management LLC grew its stake in shares of Citigroup by 13,186.1% in the first quarter. Cullen Capital Management LLC now owns 1,684,677 shares of the financial services provider’s stock worth $70,959,000 after purchasing an additional 1,671,997 shares during the last quarter. 79.83% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on C. Credit Suisse Group reissued a “buy” rating and issued a $75.00 target price on shares of Citigroup in a research note on Sunday, April 19th. Keefe, Bruyette & Woods cut Citigroup from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 1st. Wells Fargo & Co lowered their price objective on shares of Citigroup from $85.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Royal Bank of Canada restated a “buy” rating and issued a $84.00 price objective on shares of Citigroup in a report on Sunday, January 19th. Finally, UBS Group raised their price objective on shares of Citigroup from $50.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus price target of $77.68.

Shares of Citigroup stock opened at $41.92 on Friday. The company has a market capitalization of $96.43 billion, a P/E ratio of 5.81, a P/E/G ratio of 1.45 and a beta of 1.83. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average of $43.80 and a 200 day moving average of $65.45. Citigroup Inc has a fifty-two week low of $32.00 and a fifty-two week high of $83.11.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.16. The company had revenue of $20.73 billion during the quarter, compared to the consensus estimate of $18.98 billion. Citigroup had a net margin of 16.56% and a return on equity of 9.15%. Citigroup’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 EPS. Analysts forecast that Citigroup Inc will post 3.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.87%. The ex-dividend date is Friday, May 1st. Citigroup’s payout ratio is currently 26.91%.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

See Also: What is quantitative easing?

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.