South Dakota Investment Council Sells 16,123 Shares of Citigroup Inc. (NYSE:C)

South Dakota Investment Council trimmed its position in Citigroup Inc. (NYSE:C) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 509,663 shares of the company’s stock after selling 16,123 shares during the quarter. Citigroup accounts for 0.6% of South Dakota Investment Council’s holdings, making the stock its 26th largest position. South Dakota Investment Council’s holdings in Citigroup were worth $26,217,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Citigroup during the 4th quarter worth $714,000. Parkside Financial Bank & Trust lifted its holdings in shares of Citigroup by 8.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 8,108 shares of the company’s stock worth $417,000 after acquiring an additional 615 shares during the last quarter. PDS Planning Inc purchased a new position in Citigroup in the 4th quarter worth $231,000. Foster & Motley Inc. purchased a new position in Citigroup in the 4th quarter worth $382,000. Finally, Scott & Selber Inc. raised its position in Citigroup by 32.5% in the 4th quarter. Scott & Selber Inc. now owns 69,964 shares of the company’s stock worth $3,599,000 after purchasing an additional 17,153 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 2.8 %

NYSE:C traded up $1.70 during mid-day trading on Tuesday, hitting $62.66. 17,421,513 shares of the company’s stock were exchanged, compared to its average volume of 17,179,559. The business has a fifty day moving average price of $58.64 and a 200 day moving average price of $51.62. The company has a market cap of $120.00 billion, a PE ratio of 18.54, a P/E/G ratio of 0.89 and a beta of 1.52. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Analyst Ratings Changes

A number of equities analysts have issued reports on C shares. Barclays boosted their price objective on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a research report on Monday, April 1st. HSBC boosted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Jefferies Financial Group lifted their target price on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.91.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.