Citigroup Inc. (NYSE:C) Stake Trimmed by Capital Management Corp VA

Capital Management Corp VA trimmed its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,711 shares of the company's stock after selling 22,605 shares during the quarter. Citigroup makes up approximately 2.1% of Capital Management Corp VA's investment portfolio, making the stock its 17th largest position. Capital Management Corp VA's holdings in Citigroup were worth $10,736,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Meridian Wealth Management LLC grew its holdings in Citigroup by 130.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 175,576 shares of the company's stock valued at $7,221,000 after buying an additional 99,371 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Citigroup in the 3rd quarter valued at $209,000. Simplicity Solutions LLC grew its holdings in Citigroup by 17.6% in the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company's stock valued at $1,430,000 after buying an additional 4,150 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Citigroup by 56.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company's stock valued at $64,078,000 after buying an additional 449,310 shares in the last quarter. Finally, GFS Advisors LLC purchased a new stake in Citigroup in the 4th quarter valued at $2,003,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

NYSE:C traded up $0.82 during mid-day trading on Friday, reaching $59.14. 13,410,056 shares of the stock were exchanged, compared to its average volume of 15,644,248. The company has a 50 day simple moving average of $58.30 and a 200-day simple moving average of $51.24. The stock has a market capitalization of $113.27 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.88 and a beta of 1.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. Analysts anticipate that Citigroup Inc. will post 5.91 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.58%. Citigroup's dividend payout ratio is currently 62.72%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on C shares. Barclays increased their price target on Citigroup from $59.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 2nd. BMO Capital Markets cut Citigroup from an "outperform" rating to a "market perform" rating and set a $57.00 price target for the company. in a report on Wednesday, January 10th. StockNews.com upgraded Citigroup from a "sell" rating to a "hold" rating in a report on Tuesday, March 19th. Societe Generale lowered Citigroup from a "hold" rating to a "sell" rating in a research note on Monday, January 8th. Finally, Morgan Stanley raised Citigroup from an "underweight" rating to an "overweight" rating and increased their target price for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given 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 Company 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.