Citigroup Inc. (NYSE:C) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its holdings in Citigroup Inc. (NYSE:C) by 50.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 671,077 shares of the company’s stock after selling 692,926 shares during the period. Canada Pension Plan Investment Board’s holdings in Citigroup were worth $30,896,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Toroso Investments LLC grew its holdings in shares of Citigroup by 22.5% in the first quarter. Toroso Investments LLC now owns 49,560 shares of the company’s stock valued at $2,324,000 after purchasing an additional 9,117 shares in the last quarter. Inscription Capital LLC acquired a new position in Citigroup during the 1st quarter worth approximately $284,000. Leo Brokerage LLC acquired a new position in Citigroup during the 1st quarter worth approximately $532,000. Berkeley Capital Partners LLC grew its holdings in Citigroup by 4.4% during the 1st quarter. Berkeley Capital Partners LLC now owns 20,333 shares of the company’s stock worth $953,000 after acquiring an additional 858 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Citigroup by 128.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 306,668 shares of the company’s stock worth $14,119,000 after acquiring an additional 172,364 shares in the last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.

Citigroup Stock Up 3.9 %

C stock opened at $44.37 on Wednesday. The company has a fifty day moving average price of $40.98 and a 200 day moving average price of $43.97. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $53.23. The company has a market cap of $84.92 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 2.35 and a beta of 1.55. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.94 and a quick ratio of 0.94.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, October 13th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.23 by $0.29. Citigroup had a net margin of 9.22% and a return on equity of 6.76%. The firm had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $19.27 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. Citigroup’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.12 annualized dividend and a yield of 4.78%. Citigroup’s dividend payout ratio (DPR) is 33.60%.

Analyst Ratings Changes

C has been the subject of several analyst reports. Bank of America lowered their price target on shares of Citigroup from $60.00 to $50.00 in a report on Tuesday, October 10th. Jefferies Financial Group lowered their price target on shares of Citigroup from $47.00 to $43.00 in a report on Tuesday, October 10th. Morgan Stanley lowered their price target on shares of Citigroup from $45.00 to $43.00 and set an “underweight” rating for the company in a report on Tuesday, October 3rd. Wells Fargo & Company reduced their price objective on shares of Citigroup from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, August 23rd. Finally, StockNews.com began coverage on shares of Citigroup in a research report on Thursday, October 5th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.09.

Insider Activity at Citigroup

In other Citigroup news, insider Andrew John Morton sold 28,096 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $40.66, for a total value of $1,142,383.36. Following the transaction, the insider now directly owns 410,060 shares of the company’s stock, valued at approximately $16,673,039.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by insiders.

Citigroup Company Profile

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. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.