Scotia Capital Inc. Sells 75,899 Shares of Citigroup Inc. (NYSE:C)

Scotia Capital Inc. cut its stake in shares of Citigroup Inc. (NYSE:CFree Report) by 15.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 411,257 shares of the company’s stock after selling 75,899 shares during the period. Scotia Capital Inc.’s holdings in Citigroup were worth $21,155,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in C. Massachusetts Wealth Management grew its position in Citigroup by 0.5% in the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after purchasing an additional 192 shares during the period. Founders Capital Management increased its position in shares of Citigroup by 12.5% during the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after acquiring an additional 200 shares in the last quarter. Cowa LLC lifted its position in Citigroup by 3.1% in the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock valued at $340,000 after acquiring an additional 200 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Citigroup by 0.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock valued at $1,267,000 after purchasing an additional 200 shares during the last quarter. Finally, Rossmore Private Capital increased its holdings in Citigroup by 1.5% during the 4th quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock worth $710,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Citigroup stock traded up $0.38 during midday trading on Friday, reaching $62.31. The stock had a trading volume of 17,351,604 shares, compared to its average volume of 9,423,457. The firm has a market capitalization of $118.85 billion, a PE ratio of 18.43, a P/E/G ratio of 0.94 and a beta of 1.49. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $64.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm’s 50-day moving average price is $62.01 and its 200 day moving average price is $55.86.

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

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on C. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Oppenheimer lowered their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Evercore ISI increased their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, HSBC boosted their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.66.

View Our Latest Research Report on Citigroup

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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