First Citizens Bank & Trust Co. Sells 9,209 Shares of Citigroup Inc (C)

First Citizens Bank & Trust Co. trimmed its position in shares of Citigroup Inc (NYSE:C) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 80,208 shares of the financial services provider’s stock after selling 9,209 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Citigroup were worth $5,968,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Catamount Wealth Management purchased a new position in Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares during the last quarter. Balentine LLC increased its stake in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 300 shares during the last quarter. Finally, Risk Paradigm Group LLC increased its stake in Citigroup by 692.0% in the second quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,993 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Shares of Citigroup Inc (NYSE C) opened at $78.48 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a fifty-two week low of $55.23 and a fifty-two week high of $80.70. The firm has a market capitalization of $202,053.39, a price-to-earnings ratio of -25.32, a P/E/G ratio of 1.49 and a beta of 1.56.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts anticipate that Citigroup Inc will post 6.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is presently -41.29%.

Several research firms have recently weighed in on C. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective on shares of Citigroup in a report on Wednesday, January 17th. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a report on Monday. Finally, Jefferies Group set a $81.00 price objective on Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $78.79.

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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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