Citigroup Inc. (NYSE:C) Shares Sold by First Interstate Bank

First Interstate Bank lessened its position in shares of Citigroup Inc. (NYSE:C) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 56,916 shares of the company’s stock after selling 1,963 shares during the period. First Interstate Bank’s holdings in Citigroup were worth $2,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carmel Capital Partners LLC purchased a new stake in Citigroup during the 3rd quarter worth about $25,000. GHP Investment Advisors Inc. grew its holdings 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 buying an additional 290 shares during the period. SkyView Investment Advisors LLC purchased a new stake in Citigroup in the 1st quarter valued at about $28,000. AlphaMark Advisors LLC grew its holdings 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 buying an additional 300 shares during the period. Finally, Janiczek Wealth Management LLC grew its holdings in Citigroup by 115.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock valued at $33,000 after buying an additional 429 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

C traded down $1.58 during trading hours on Tuesday, hitting $56.98. 23,205,742 shares of the stock were exchanged, compared to its average volume of 17,342,977. The stock has a 50-day simple moving average of $57.99 and a 200-day simple moving average of $50.81. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The stock has a market cap of $109.13 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.93 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period last year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 5.73 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio is presently 62.72%.

Wall Street Analyst Weigh In

Several research firms have commented on C. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods boosted their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $62.91.

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.