MetLife Investment Advisors LLC trimmed its holdings in shares of Citigroup Inc (NYSE:C) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 773,433 shares of the financial services provider’s stock after selling 44,643 shares during the period. Citigroup comprises about 0.6% of MetLife Investment Advisors LLC’s portfolio, making the stock its 23rd largest position. MetLife Investment Advisors LLC’s holdings in Citigroup were worth $52,207,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. ValueAct Holdings L.P. bought a new stake in shares of Citigroup in the 4th quarter valued at about $81,851,000. Synovus Financial Corp boosted its holdings in shares of Citigroup by 38.8% in the 4th quarter. Synovus Financial Corp now owns 135,424 shares of the financial services provider’s stock valued at $10,074,000 after buying an additional 37,843 shares in the last quarter. CNB Bank boosted its holdings in shares of Citigroup by 27.5% in the 1st quarter. CNB Bank now owns 7,419 shares of the financial services provider’s stock valued at $501,000 after buying an additional 1,601 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Citigroup by 0.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 329,314 shares of the financial services provider’s stock valued at $24,504,000 after buying an additional 1,986 shares in the last quarter. Finally, USA Financial Portformulas Corp boosted its holdings in shares of Citigroup by 1,113.7% in the 4th quarter. USA Financial Portformulas Corp now owns 50,088 shares of the financial services provider’s stock valued at $3,727,000 after buying an additional 45,961 shares in the last quarter. Institutional investors own 76.67% of the company’s stock.
Citigroup opened at $67.29 on Thursday, according to Marketbeat Ratings. Citigroup Inc has a 12-month low of $63.16 and a 12-month high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The company has a market cap of $175.05 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51.
The company also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Monday, May 7th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, May 4th. Citigroup’s dividend payout ratio (DPR) is 24.02%.
A number of analysts have recently weighed in on the stock. ValuEngine cut shares of Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 1st. Morgan Stanley lifted their target price on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, March 15th. Zacks Investment Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Daiwa Capital Markets cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price for the company. in a research note on Thursday, May 17th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $76.00 target price on shares of Citigroup in a research note on Friday, April 13th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $81.37.
In other news, CFO John C. Gerspach sold 12,966 shares of Citigroup stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by insiders.
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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