Citigroup Inc (NYSE:C) Shares Sold by Wedge Capital Management L L P NC

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Wedge Capital Management L L P NC decreased its position in Citigroup Inc (NYSE:C) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,331 shares of the financial services provider’s stock after selling 9,494 shares during the period. Wedge Capital Management L L P NC’s holdings in Citigroup were worth $33,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of C. Nuveen Asset Management LLC raised its stake in shares of Citigroup by 1,638.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 23,014,050 shares of the financial services provider’s stock valued at $1,611,674,000 after buying an additional 21,690,409 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Citigroup by 3.4% in the 2nd quarter. Morgan Stanley now owns 12,856,381 shares of the financial services provider’s stock valued at $900,333,000 after buying an additional 427,951 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Citigroup by 29.4% in the second quarter. UBS Asset Management Americas Inc. now owns 10,228,198 shares of the financial services provider’s stock worth $716,281,000 after buying an additional 2,322,201 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Citigroup by 0.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 9,747,090 shares of the financial services provider’s stock worth $673,329,000 after buying an additional 89,738 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Citigroup by 0.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,369,667 shares of the financial services provider’s stock worth $647,257,000 after acquiring an additional 23,449 shares during the period. 76.95% of the stock is owned by institutional investors.

Citigroup stock opened at $81.24 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $178.83 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.85 and a beta of 1.81. The business has a 50 day simple moving average of $77.88 and a 200-day simple moving average of $71.71. Citigroup Inc has a 12 month low of $60.05 and a 12 month high of $83.11.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 14th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.04. Citigroup had a return on equity of 10.28% and a net margin of 18.75%. The firm had revenue of $18.38 billion for the quarter, compared to analyst estimates of $17.95 billion. During the same quarter last year, the firm posted $1.64 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc will post 8.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.51%. Citigroup’s dividend payout ratio is presently 26.91%.

Several brokerages recently weighed in on C. JPMorgan Chase & Co. lifted their price target on Citigroup from $77.50 to $84.50 and gave the company an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Co upped their price objective on Citigroup from $97.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday. Goldman Sachs Group raised their price objective on shares of Citigroup from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Bank of America reaffirmed a “buy” rating and set a $94.00 target price on shares of Citigroup in a report on Wednesday. Finally, Oppenheimer lifted their target price on shares of Citigroup from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $88.87.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Read More: Are sell-side analysts objective?

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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