Citigroup Inc. (NYSE:C) Shares Sold by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. decreased its position in shares of Citigroup Inc. (NYSE:CFree Report) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,572,678 shares of the company’s stock after selling 32,247 shares during the period. Citigroup accounts for about 1.5% of Letko Brosseau & Associates Inc.’s holdings, making the stock its 26th largest position. Letko Brosseau & Associates Inc.’s holdings in Citigroup were worth $80,899,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of C. Great Valley Advisor Group Inc. lifted its stake in Citigroup by 7.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 16,161 shares of the company’s stock worth $665,000 after acquiring an additional 1,090 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Citigroup in the 3rd quarter valued at about $644,000. Impax Asset Management Group plc raised its position in shares of Citigroup by 56.0% during the 3rd quarter. Impax Asset Management Group plc now owns 294,740 shares of the company’s stock worth $12,123,000 after acquiring an additional 105,822 shares in the last quarter. VELA Investment Management LLC raised its position in shares of Citigroup by 9.4% during the 3rd quarter. VELA Investment Management LLC now owns 14,368 shares of the company’s stock worth $591,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Americana Partners LLC raised its position in shares of Citigroup by 53.7% during the 3rd quarter. Americana Partners LLC now owns 33,363 shares of the company’s stock worth $1,372,000 after acquiring an additional 11,659 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 0.6 %

C opened at $62.33 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $62.01 and a 200-day simple moving average of $55.78. The stock has a market capitalization of $118.89 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.93 and a beta of 1.49. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $64.98.

Citigroup (NYSE:CGet Free Report) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. On average, equities analysts anticipate that Citigroup Inc. will post 5.96 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.40%. Citigroup’s dividend payout ratio is currently 62.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on C shares. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Jefferies Financial Group raised their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Wells Fargo & Company restated an “overweight” rating and set a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. Keefe, Bruyette & Woods raised their price target on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Finally, Evercore ISI raised their price target on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $63.66.

Read Our Latest Stock Analysis on C

About Citigroup

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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