Citigroup Inc. (NYSE:C) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. decreased its position in Citigroup Inc. (NYSE:CFree Report) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,023,517 shares of the company’s stock after selling 90,362 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.05% of Citigroup worth $52,650,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems increased its stake in Citigroup by 2.6% in the fourth quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock valued at $7,877,000 after purchasing an additional 3,808 shares during the last quarter. Simplicity Solutions LLC grew its position in shares of Citigroup by 17.6% during the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after acquiring an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Citigroup by 56.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after acquiring an additional 449,310 shares during the last quarter. GFS Advisors LLC purchased a new position in shares of Citigroup during the fourth quarter worth approximately $2,003,000. Finally, Sound Income Strategies LLC grew its position in shares of Citigroup by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after acquiring an additional 21,440 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 0.9 %

Shares of NYSE:C traded up $0.56 during trading on Monday, reaching $63.58. 9,424,900 shares of the stock were exchanged, compared to its average volume of 15,747,213. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $64.98. The firm has a market cap of $121.28 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. The firm’s 50-day moving average price is $61.86 and its 200 day moving average price is $55.41.

Citigroup (NYSE:CGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio is 62.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on C shares. Oppenheimer lowered their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group increased their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. One investment 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, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $63.66.

Read Our Latest Stock Report 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.

Further Reading

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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