Terril Brothers Inc. Sells 29,016 Shares of Citigroup Inc. (NYSE:C)

Key Points

• Terril Brothers Inc. reduced its stake in Citigroup by 6.6%, now owning 409,268 shares valued at approximately $29.05 million, making it the second largest holding in their portfolio.
• Citigroup recently reported $1.96 EPS, surpassing expectations, and announced an increase in its quarterly dividend to $0.60, representing a yield of 2.6%.
• Despite mixed ratings from analysts, Citigroup's average price target is currently at $96.54, with ten analysts suggesting a buy rating.

Terril Brothers Inc. trimmed its stake in Citigroup Inc. (NYSE:C - Free Report) by 6.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 409,268 shares of the company's stock after selling 29,016 shares during the period. Citigroup comprises about 13.2% of Terril Brothers Inc.'s investment portfolio, making the stock its 2nd biggest position. Terril Brothers Inc.'s holdings in Citigroup were worth $29,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in C. Resona Asset Management Co. Ltd. boosted its holdings in shares of Citigroup by 4.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 663,643 shares of the company's stock valued at $47,053,000 after buying an additional 29,876 shares during the period. Westpac Banking Corp increased its position in Citigroup by 5.5% during the first quarter. Westpac Banking Corp now owns 207,642 shares of the company's stock worth $14,741,000 after acquiring an additional 10,879 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in Citigroup during the first quarter worth about $469,000. Trajan Wealth LLC grew its stake in Citigroup by 584.0% during the first quarter. Trajan Wealth LLC now owns 76,238 shares of the company's stock worth $5,412,000 after buying an additional 65,092 shares in the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in shares of Citigroup by 453.2% in the 1st quarter. Eagle Global Advisors LLC now owns 17,150 shares of the company's stock valued at $1,217,000 after purchasing an additional 14,050 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on C shares. Oppenheimer boosted their price target on shares of Citigroup from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. TD Cowen upped their target price on Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. Bank of America raised their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, Dbs Bank raised Citigroup from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.54.

Citigroup Stock Performance

C traded down $1.80 during trading on Friday, hitting $93.66. 11,998,955 shares of the company traded hands, compared to its average volume of 15,281,200. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market cap of $172.42 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38. Citigroup Inc. has a one year low of $55.51 and a one year high of $96.90. The stock's fifty day moving average is $87.83 and its 200 day moving average is $77.86.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. The business had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 earnings per share. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, August 4th. Citigroup's dividend payout ratio is presently 35.45%.

Insider Activity at Citigroup

In other news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director directly owned 2,140 shares in the company, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

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.