Citigroup Inc. (NYSE:C) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Citigroup Inc. (NYSE:CGet Rating) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,286 shares of the company’s stock after selling 6,236 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Citigroup were worth $7,651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New England Professional Planning Group Inc. acquired a new position in Citigroup during the first quarter worth $227,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Citigroup during the fourth quarter worth $31,000. Nvwm LLC boosted its position in Citigroup by 196.3% during the first quarter. Nvwm LLC now owns 554 shares of the company’s stock worth $30,000 after purchasing an additional 367 shares in the last quarter. Bell Investment Advisors Inc boosted its position in Citigroup by 58.0% during the fourth quarter. Bell Investment Advisors Inc now owns 583 shares of the company’s stock worth $35,000 after purchasing an additional 214 shares in the last quarter. Finally, Rational Advisors LLC boosted its position in Citigroup by 71.1% during the first quarter. Rational Advisors LLC now owns 592 shares of the company’s stock worth $32,000 after purchasing an additional 246 shares in the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $48.11 on Friday. The business’s 50-day moving average price is $50.65 and its 200 day moving average price is $51.03. Citigroup Inc. has a twelve month low of $43.44 and a twelve month high of $73.72. The company has a market capitalization of $93.18 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 0.59 and a beta of 1.60. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.43.

Citigroup (NYSE:CGet Rating) last announced its quarterly earnings results on Friday, July 15th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.67 by $0.63. The company had revenue of $19.64 billion during the quarter, compared to analyst estimates of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 earnings per share. On average, research analysts predict that Citigroup Inc. will post 7.37 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Monday, August 1st were paid a dividend of $0.51 per share. The ex-dividend date was Friday, July 29th. This represents a $2.04 annualized dividend and a yield of 4.24%. Citigroup’s dividend payout ratio is presently 26.09%.

Insiders Place Their Bets

In other Citigroup news, insider Citigroup Inc sold 4,614,358 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $36.25, for a total transaction of $167,270,477.50. Following the completion of the sale, the insider now directly owns 15,318 shares in the company, valued at $555,277.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on C. UBS Group boosted their target price on Citigroup from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, July 18th. Odeon Capital Group downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Piper Sandler reduced their price objective on Citigroup from $70.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. Barclays reduced their price objective on Citigroup from $67.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Finally, Evercore ISI set a $54.00 price objective on Citigroup in a research report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.19.

Citigroup Company Profile

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

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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