State Board of Administration of Florida Retirement System Sells 10,670 Shares of Citigroup Inc. (C)

State Board of Administration of Florida Retirement System cut its stake in shares of Citigroup Inc. (NYSE:C) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,047,464 shares of the financial services provider’s stock after selling 10,670 shares during the quarter. Citigroup makes up approximately 0.8% of State Board of Administration of Florida Retirement System’s holdings, making the stock its 18th biggest position. State Board of Administration of Florida Retirement System owned about 0.15% of Citigroup worth $294,413,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Analysts LLC boosted its stake in Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares during the period. Principal Financial Group Inc. boosted its stake in Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after purchasing an additional 205,298 shares during the period. BlackRock Inc. boosted its stake in Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares during the period. Amalgamated Bank boosted its stake in Citigroup by 1.0% in the 1st quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock worth $11,674,000 after purchasing an additional 1,937 shares during the period. Finally, Bank of Hawaii boosted its stake in Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,242 shares during the period. Institutional investors own 78.47% of the company’s stock.

Shares of Citigroup Inc. (NYSE C) opened at $74.66 on Thursday. Citigroup Inc. has a twelve month low of $55.23 and a twelve month high of $77.92. The firm has a market capitalization of $197,506.94, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.46 and a beta of 1.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. equities analysts forecast that Citigroup Inc. will post 5.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. Citigroup’s payout ratio is 24.66%.

Several brokerages have recently issued reports on C. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Societe Generale raised Citigroup from a “sell” rating to a “hold” rating and upped their price objective for the stock from $63.00 to $70.00 in a report on Monday, September 11th. Credit Suisse Group reaffirmed a “buy” rating and set a $73.00 price objective on shares of Citigroup in a report on Wednesday, September 13th. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 price objective (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $76.78.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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