Twin Capital Management Inc. Sells 1,337 Shares of Citigroup Inc. (NYSE:C)

Twin Capital Management Inc. trimmed its position in shares of Citigroup Inc. (NYSE:C) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 66,308 shares of the company’s stock after selling 1,337 shares during the quarter. Twin Capital Management Inc.’s holdings in Citigroup were worth $3,411,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Wealth Management lifted its position in Citigroup by 0.5% in the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after acquiring an additional 192 shares in the last quarter. Founders Capital Management lifted its position in Citigroup by 12.5% in the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock valued at $93,000 after acquiring an additional 200 shares in the last quarter. Cowa LLC lifted its position in Citigroup by 3.1% in the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock valued at $340,000 after acquiring an additional 200 shares in the last quarter. CENTRAL TRUST Co lifted its position in Citigroup by 5.6% in the 4th quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock valued at $198,000 after acquiring an additional 205 shares in the last quarter. Finally, Sippican Capital Advisors lifted its position in Citigroup by 0.6% in the 4th quarter. Sippican Capital Advisors now owns 39,234 shares of the company’s stock valued at $2,018,000 after acquiring an additional 219 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

NYSE C traded down $0.04 during trading on Thursday, reaching $58.13. The company’s stock had a trading volume of 5,099,586 shares, compared to its average volume of 17,160,357. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $111.34 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The firm has a 50 day moving average price of $58.11 and a 200 day moving average price of $50.98.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping 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 company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Citigroup Inc. will post 5.91 EPS for the current fiscal 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 3.65%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Analyst Ratings Changes

Several equities research analysts have issued reports on C shares. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Jefferies Financial Group boosted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Evercore ISI upped their price target on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, Barclays upped their price target on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Profile

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.