Teacher Retirement System of Texas Sells 151,676 Shares of Citigroup Inc. (NYSE:C)

Teacher Retirement System of Texas trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 570,159 shares of the company's stock after selling 151,676 shares during the quarter. Teacher Retirement System of Texas' holdings in Citigroup were worth $40,476,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC grew its stake in Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC grew its position in shares of Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after buying an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC increased its stake in shares of Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after buying an additional 135 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Citigroup by 3.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after acquiring an additional 137 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of Citigroup by 2.4% in the fourth quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after acquiring an additional 139 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America increased their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Evercore ISI boosted their price objective on shares of Citigroup from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Wednesday. Oppenheimer restated an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada cut their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $85.43.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Shares of C stock opened at $88.67 on Friday. The business has a fifty day moving average of $76.22 and a 200 day moving average of $74.04. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $88.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $165.61 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. As a group, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

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.

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