Citigroup Inc. (NYSE:C) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its holdings in Citigroup Inc. (NYSE:C) by 0.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 536,064 shares of the company’s stock after selling 3,470 shares during the quarter. Calamos Advisors LLC’s holdings in Citigroup were worth $27,575,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup in the 3rd quarter valued at approximately $25,000. SkyView Investment Advisors LLC purchased a new position in Citigroup in the 1st quarter valued at approximately $28,000. Rakuten Securities Inc. purchased a new position in Citigroup in the 4th quarter valued at approximately $35,000. GHP Investment Advisors Inc. increased its stake in Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its stake in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of NYSE:C traded up $0.93 on Friday, reaching $59.25. 1,846,770 shares of the company traded hands, compared to its average volume of 17,052,842. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The company’s 50 day moving average is $58.19 and its 200-day moving average is $51.03. The stock has a market capitalization of $113.48 billion, a PE ratio of 17.25, a P/E/G ratio of 0.88 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts anticipate that Citigroup Inc. will post 5.91 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

C has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. StockNews.com raised 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 report on Monday, January 8th. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a report on Wednesday, January 10th. Finally, Evercore ISI boosted their price objective on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has an average 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.