Intrinsic Value Partners LLC Lowers Holdings in Citigroup Inc. (NYSE:C)

Intrinsic Value Partners LLC trimmed its holdings in Citigroup Inc. (NYSE:C) by 52.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,906 shares of the company’s stock after selling 7,619 shares during the period. Intrinsic Value Partners LLC’s holdings in Citigroup were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in C. Price T Rowe Associates Inc. MD lifted its position in shares of Citigroup by 2.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company’s stock worth $2,714,359,000 after buying an additional 815,003 shares in the last quarter. FMR LLC raised its holdings in shares of Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company’s stock worth $2,418,754,000 after acquiring an additional 7,863,718 shares in the last quarter. Capital World Investors raised its holdings in shares of Citigroup by 455.2% during the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company’s stock worth $2,206,908,000 after acquiring an additional 25,705,141 shares in the last quarter. Northern Trust Corp raised its stake in Citigroup by 13.9% during the fourth quarter. Northern Trust Corp now owns 20,232,550 shares of the company’s stock valued at $1,424,169,000 after purchasing an additional 2,467,958 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Citigroup by 13.8% during the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock valued at $1,143,633,000 after purchasing an additional 1,970,300 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE:C opened at $95.89 on Thursday. The firm has a market cap of $179.10 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.81 and a beta of 1.34. The firm’s 50 day simple moving average is $83.58 and its 200-day simple moving average is $76.72. Citigroup Inc. has a one year low of $53.51 and a one year high of $96.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. Citigroup’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.50%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is currently 33.09%.

Analysts Set New Price Targets

A number of research firms recently issued reports on C. The Goldman Sachs Group upped their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Wells Fargo & Company upped their price objective on Citigroup from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. TD Cowen upped their price objective on Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, July 16th. Finally, Cowen began coverage on Citigroup in a report on Wednesday, May 14th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $96.54.

Insider Activity at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.

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.