Strs Ohio Sells 119,027 Shares of Citigroup Inc (C)
Strs Ohio cut its position in shares of Citigroup Inc (NYSE:C) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,085,353 shares of the financial services provider’s stock after selling 119,027 shares during the period. Citigroup accounts for about 1.0% of Strs Ohio’s investment portfolio, making the stock its 14th largest position. Strs Ohio’s holdings in Citigroup were worth $229,581,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of C. Capital Analysts LLC raised its stake in shares of Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after acquiring an additional 2,367 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 valued at $277,705,000 after acquiring an additional 205,298 shares in the last quarter. Bank of Hawaii raised its stake in shares of Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 2,242 shares in the last quarter. Norinchukin Bank The raised its stake in shares of Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after acquiring an additional 39,898 shares in the last quarter. Finally, Advisors Capital Management LLC grew its holdings in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after buying an additional 5,125 shares during the last quarter. 80.94% of the stock is owned by institutional investors.
A number of research firms have issued reports on C. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Citigroup in a report on Wednesday, January 17th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. set a $80.00 target price on Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $79.44.
Citigroup (NYSE:C) last announced its quarterly earnings data 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 company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the firm earned $1.14 EPS. Citigroup’s revenue for the quarter was up 1.4% compared to the same quarter last year. research analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders 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 1.74%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is presently -41.29%.
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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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