Handelsbanken Fonder AB Sells 71,985 Shares of Citigroup Inc. (NYSE:C)

Handelsbanken Fonder AB lessened its position in Citigroup Inc. (NYSE:C) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575,825 shares of the company’s stock after selling 71,985 shares during the quarter. Handelsbanken Fonder AB’s holdings in Citigroup were worth $29,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in C. Carmel Capital Partners LLC bought a new position in shares of Citigroup during the third quarter valued at about $25,000. GHP Investment Advisors Inc. lifted its holdings in Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the period. AlphaMark Advisors LLC lifted its holdings in Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. OFI Invest Asset Management purchased a new stake in Citigroup in the third quarter worth about $35,000. Finally, Rakuten Securities Inc. purchased a new stake in Citigroup in the fourth quarter worth about $35,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 3.1 %

NYSE:C opened at $60.97 on Tuesday. 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 12 month low of $38.17 and a 12 month high of $63.90. The company has a market cap of $116.77 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52. The company has a 50 day simple moving average of $58.44 and a two-hundred day simple moving average of $51.47.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the previous year, the firm posted $1.86 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. Research analysts forecast that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed 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 3.48%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on C. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a report on Wednesday, January 10th. Jefferies Financial Group lifted their target price on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. Evercore ISI lifted their target price on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Finally, Barclays boosted their price objective on shares of Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

About Citigroup

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.