Teachers Retirement System of The State of Kentucky Lowers Holdings in Citigroup Inc. (NYSE:C)

Teachers Retirement System of The State of Kentucky decreased its position in Citigroup Inc. (NYSE:C) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,530 shares of the company’s stock after selling 8,521 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Citigroup were worth $8,985,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of C. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Citigroup by 13.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock valued at $4,653,000 after purchasing an additional 8,593 shares in the last quarter. KBC Group NV lifted its stake in Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after acquiring an additional 20,291 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Citigroup by 4.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock valued at $24,710,000 after acquiring an additional 18,278 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Citigroup by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock valued at $22,236,000 after acquiring an additional 8,301 shares during the last quarter. Finally, Summit Global Investments grew its stake in shares of Citigroup by 289.5% in the third quarter. Summit Global Investments now owns 30,640 shares of the company’s stock worth $1,918,000 after acquiring an additional 22,774 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Down 0.7 %

C opened at $71.44 on Friday. The stock has a market cap of $135.10 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s fifty day moving average is $67.11 and its 200 day moving average is $63.60. Citigroup Inc. has a fifty-two week low of $47.86 and a fifty-two week high of $73.38.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is currently 64.93%.

Analyst Ratings Changes

Several brokerages recently issued reports on C. Oppenheimer raised their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Evercore ISI raised their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $70.00 to $82.00 in a research report on Tuesday, December 3rd. Finally, Piper Sandler upped their price target on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.63.

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.