Coldstream Capital Management Inc. lowered its position in shares of Citigroup Inc (NYSE:C) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,114 shares of the financial services provider’s stock after selling 1,212 shares during the period. Coldstream Capital Management Inc.’s holdings in Citigroup were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Capital Advisors Inc. OK grew its position in Citigroup by 0.4% in the 4th quarter. Capital Advisors Inc. OK now owns 242,945 shares of the financial services provider’s stock worth $18,078,000 after purchasing an additional 1,070 shares during the period. Fiduciary Trust Co. grew its position in Citigroup by 1.6% in the 4th quarter. Fiduciary Trust Co. now owns 222,923 shares of the financial services provider’s stock worth $16,587,000 after purchasing an additional 3,431 shares during the period. Twin Capital Management Inc. grew its position in Citigroup by 2.1% in the 4th quarter. Twin Capital Management Inc. now owns 371,570 shares of the financial services provider’s stock worth $27,649,000 after purchasing an additional 7,560 shares during the period. IFG Advisory LLC bought a new stake in Citigroup in the 4th quarter worth approximately $464,000. Finally, MAI Capital Management grew its position in Citigroup by 27.5% in the 4th quarter. MAI Capital Management now owns 131,517 shares of the financial services provider’s stock worth $9,786,000 after purchasing an additional 28,352 shares during the period. 76.54% of the stock is owned by institutional investors.
Citigroup opened at $66.34 on Monday, according to Marketbeat.com. 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 Inc has a fifty-two week low of $63.16 and a fifty-two week high of $80.70. The firm has a market cap of $170.50 billion, a P/E ratio of 11.74, a PEG ratio of 0.96 and a beta of 1.51.
The company also recently announced a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Monday, May 7th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, May 4th. Citigroup’s dividend payout ratio (DPR) is 24.02%.
In related news, CFO John C. Gerspach sold 12,966 shares of Citigroup stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by insiders.
A number of equities research analysts have commented on C shares. UBS Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $78.00 to $80.00 in a research report on Thursday, April 5th. Zacks Investment Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Morgan Stanley cut their target price on shares of Citigroup from $93.00 to $88.00 and set an “overweight” rating for the company in a research report on Monday, April 30th. HSBC upgraded shares of Citigroup from a “hold” rating to a “buy” rating and lifted their price target for the stock from $82.00 to $85.00 in a research note on Wednesday, April 11th. Finally, Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, April 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. Citigroup has an average rating of “Hold” and a consensus price target of $81.37.
Citigroup Company 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.
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