Eagle Asset Management Inc. Has $39.07 Million Stake in Citigroup (C)

Eagle Asset Management Inc. decreased its holdings in shares of Citigroup (NYSE:C) by 8.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 578,822 shares of the financial services provider’s stock after selling 51,029 shares during the quarter. Eagle Asset Management Inc.’s holdings in Citigroup were worth $39,070,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of C. Twin Tree Management LP raised its position in shares of Citigroup by 100.4% in the 1st quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after buying an additional 535,686 shares during the period. AT Bancorp raised its position in shares of Citigroup by 28.6% in the 1st quarter. AT Bancorp now owns 55,940 shares of the financial services provider’s stock worth $3,775,000 after buying an additional 12,445 shares during the period. PICTET BANK & TRUST Ltd raised its position in shares of Citigroup by 4.5% in the 1st quarter. PICTET BANK & TRUST Ltd now owns 32,359 shares of the financial services provider’s stock worth $2,184,000 after buying an additional 1,400 shares during the period. Swedbank raised its position in shares of Citigroup by 8.9% in the 1st quarter. Swedbank now owns 2,202,808 shares of the financial services provider’s stock worth $148,690,000 after buying an additional 179,772 shares during the period. Finally, Korea Investment CORP raised its position in shares of Citigroup by 1.8% in the 1st quarter. Korea Investment CORP now owns 2,343,829 shares of the financial services provider’s stock worth $158,208,000 after buying an additional 41,210 shares during the period. Institutional investors and hedge funds own 76.78% of the company’s stock.

In other news, CFO John C. Gerspach sold 12,966 shares of Citigroup stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.



Several brokerages recently weighed in on C. ValuEngine lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $76.00 target price on shares of Citigroup in a research report on Friday, April 13th. Daiwa Capital Markets lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price on the stock. in a research report on Thursday, May 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $74.00 target price on shares of Citigroup in a research report on Thursday, April 5th. Finally, Morgan Stanley cut their price objective on Citigroup from $93.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $80.79.

Shares of Citigroup opened at $68.44 on Friday, according to Marketbeat Ratings. Citigroup has a 1 year low of $59.87 and a 1 year high of $80.70. The stock has a market cap of $180.52 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.02 and a beta of 1.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities research analysts anticipate that Citigroup will post 6.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Monday, May 7th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, May 4th. Citigroup’s payout ratio is 24.02%.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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