Yousif Capital Management LLC Sells 24,640 Shares of Citigroup Inc. (NYSE:C)

Yousif Capital Management LLC decreased its holdings in Citigroup Inc. (NYSE:C) by 6.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 333,385 shares of the company’s stock after selling 24,640 shares during the period. Yousif Capital Management LLC’s holdings in Citigroup were worth $17,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Global Retirement Partners LLC lifted its holdings in Citigroup by 7.9% during the 3rd quarter. Global Retirement Partners LLC now owns 10,488 shares of the company’s stock worth $418,000 after buying an additional 764 shares during the period. Summit Global Investments lifted its stake in shares of Citigroup by 18.3% in the 3rd quarter. Summit Global Investments now owns 12,527 shares of the company’s stock valued at $515,000 after purchasing an additional 1,937 shares during the period. RFG Advisory LLC lifted its stake in shares of Citigroup by 13.5% in the 3rd quarter. RFG Advisory LLC now owns 10,242 shares of the company’s stock valued at $421,000 after purchasing an additional 1,219 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of Citigroup by 698.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 3,363 shares of the company’s stock valued at $138,000 after purchasing an additional 2,942 shares during the period. Finally, 1900 Wealth Management LLC lifted its stake in shares of Citigroup by 83.5% in the 3rd quarter. 1900 Wealth Management LLC now owns 11,070 shares of the company’s stock valued at $455,000 after purchasing an additional 5,037 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C traded up $1.70 during mid-day trading on Tuesday, reaching $62.66. 17,421,513 shares of the company traded hands, compared to its average volume of 17,179,559. The stock has a market capitalization of $120.00 billion, a P/E ratio of 18.54, a P/E/G ratio of 0.89 and a beta of 1.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average price is $58.64 and its 200-day moving average price is $51.62. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 EPS. On average, sell-side analysts expect that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio is 62.72%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on C. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Jefferies Financial Group boosted their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Oppenheimer decreased their price objective on Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Monday, April 15th. HSBC boosted their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.