Wesbanco Bank Inc. cut its holdings in Citigroup Inc (NYSE:C) by 14.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,157 shares of the financial services provider’s stock after selling 1,325 shares during the quarter. Wesbanco Bank Inc.’s holdings in Citigroup were worth $545,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Global X Management Co. LLC increased its stake in shares of Citigroup by 5.8% during the 1st quarter. Global X Management Co. LLC now owns 18,940 shares of the financial services provider’s stock worth $1,278,000 after purchasing an additional 1,042 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Citigroup by 3.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 8,844,327 shares of the financial services provider’s stock worth $596,992,000 after buying an additional 324,152 shares during the period. HL Financial Services LLC boosted its holdings in shares of Citigroup by 13.0% during the 1st quarter. HL Financial Services LLC now owns 82,683 shares of the financial services provider’s stock worth $5,581,000 after buying an additional 9,512 shares during the period. FDx Advisors Inc. boosted its holdings in shares of Citigroup by 22.7% during the 1st quarter. FDx Advisors Inc. now owns 79,574 shares of the financial services provider’s stock worth $5,371,000 after buying an additional 14,743 shares during the period. Finally, Hennessy Advisors Inc. boosted its holdings in shares of Citigroup by 48.9% during the 1st quarter. Hennessy Advisors Inc. now owns 33,500 shares of the financial services provider’s stock worth $2,261,000 after buying an additional 11,000 shares during the period. 74.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Citigroup stock traded up $0.39 during trading hours on Friday, reaching $70.54. The company’s stock had a trading volume of 9,613,948 shares, compared to its average volume of 11,159,060. Citigroup Inc has a one year low of $64.38 and a one year high of $80.70. The firm has a market capitalization of $181.22 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.96 and a beta of 1.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%. The firm had revenue of $18.47 billion for the quarter, compared to analyst estimates of $18.43 billion. research analysts forecast that Citigroup Inc will post 6.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Monday, August 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from Citigroup’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, August 3rd. Citigroup’s dividend payout ratio (DPR) is 33.77%.

A number of research firms have issued reports on C. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Oppenheimer upped their price target on shares of Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a report on Monday, July 16th. BMO Capital Markets upped their price objective on shares of Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, July 16th. Finally, Goldman Sachs Group set a $78.00 price objective on shares of Citigroup and gave the stock a “neutral” rating in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $81.65.

In related news, insider Raja Akram sold 500 shares of Citigroup stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total value of $34,605.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Francisco Aristeguieta sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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