Strs Ohio decreased its position in Citigroup Inc (NYSE:C) by 6.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,303,875 shares of the financial services provider’s stock after selling 146,060 shares during the period. Citigroup makes up about 0.8% of Strs Ohio’s investment portfolio, making the stock its 18th largest position. Strs Ohio’s holdings in Citigroup were worth $184,056,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Simon Quick Advisors LLC lifted its stake in Citigroup by 268.7% during the fourth quarter. Simon Quick Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 266 shares during the last quarter. Arlington Partners LLC bought a new stake in Citigroup during the fourth quarter worth approximately $32,000. Allred Capital Management LLC bought a new stake in Citigroup during the fourth quarter worth approximately $35,000. Garrett Wealth Advisory Group LLC bought a new position in shares of Citigroup in the third quarter valued at $33,000. Finally, Truewealth LLC lifted its position in shares of Citigroup by 33.5% during the 4th quarter. Truewealth LLC now owns 606 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 152 shares during the last quarter. 77.02% of the stock is owned by institutional investors and hedge funds.
C has been the topic of a number of recent analyst reports. Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 target price on the stock in a research report on Wednesday, October 9th. DA Davidson lifted their price target on Citigroup from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Bank of America reaffirmed a “buy” rating and set a $94.00 price objective on shares of Citigroup in a research note on Wednesday, January 15th. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, Oppenheimer boosted their price target on shares of Citigroup from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $89.61.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.04. The company had revenue of $18.38 billion during the quarter, compared to the consensus estimate of $17.95 billion. Citigroup had a return on equity of 10.32% and a net margin of 18.75%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. On average, analysts anticipate that Citigroup Inc will post 8.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.04 annualized dividend and a dividend yield of 2.60%. Citigroup’s payout ratio is 26.91%.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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