Citigroup Inc. (NYSE:C) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in Citigroup Inc. (NYSE:C - Free Report) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,866 shares of the company's stock after selling 219,349 shares during the quarter. Teacher Retirement System of Texas' holdings in Citigroup were worth $30,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carmel Capital Partners LLC purchased a new stake in Citigroup during the 3rd quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the 4th quarter worth $26,000. AlphaMark Advisors LLC boosted its holdings in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company's stock worth $29,000 after buying an additional 300 shares during the period. OFI Invest Asset Management bought a new position in shares of Citigroup during the 3rd quarter valued at about $35,000. Finally, Rakuten Securities Inc. bought a new position in shares of Citigroup during the 4th quarter valued at about $35,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 0.3 %

C traded up $0.21 during trading on Friday, hitting $63.53. The stock had a trading volume of 9,548,738 shares, compared to its average volume of 14,410,104. The company has a market capitalization of $121.18 billion, a PE ratio of 18.80, a PEG ratio of 0.95 and a beta of 1.49. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.92. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day simple moving average of $60.45 and a two-hundred day simple moving average of $53.41.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate 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 period last year, the firm earned $1.86 earnings per share. Citigroup's revenue was down 1.6% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.34%. Citigroup's dividend payout ratio (DPR) is presently 62.72%.

Wall Street Analyst Weigh In

C has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a "hold" rating in a report on Monday, April 8th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Citigroup in a report on Monday, April 1st. Oppenheimer lowered their price target on shares of Citigroup from $87.00 to $86.00 and set an "outperform" rating for the company in a report on Tuesday, April 30th. HSBC increased their price target on shares of Citigroup from $61.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a "market perform" rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $62.85.

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.