Citigroup Inc. (NYSE:C) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. cut its stake in shares of Citigroup Inc. (NYSE:C) by 21.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,118 shares of the company’s stock after selling 571 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Citigroup were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in Citigroup by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock valued at $1,273,411,000 after purchasing an additional 1,836,283 shares in the last quarter. Northern Trust Corp grew its holdings in Citigroup by 1.2% during the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after buying an additional 232,652 shares during the last quarter. Putnam Investments LLC increased its position in Citigroup by 7.9% during the fourth quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock worth $914,395,000 after buying an additional 1,300,520 shares in the last quarter. Norges Bank acquired a new position in shares of Citigroup in the fourth quarter worth $867,599,000. Finally, Pzena Investment Management LLC lifted its position in shares of Citigroup by 1.3% in the fourth quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock valued at $866,797,000 after acquiring an additional 223,206 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on C. Oppenheimer reduced their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods upped their target price on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Stock Up 2.5 %

Shares of C traded up $1.60 during midday trading on Tuesday, reaching $64.76. 11,190,824 shares of the company were exchanged, compared to its average volume of 15,924,935. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $64.88. The company has a market cap of $123.53 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 0.96 and a beta of 1.49. The stock has a 50-day moving average price of $61.40 and a 200-day moving average price of $54.80.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.86 earnings per share. Research analysts expect that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.