Qtron Investments LLC Sells 5,652 Shares of Citigroup Inc. $C

Qtron Investments LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 27.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,946 shares of the company’s stock after selling 5,652 shares during the quarter. Qtron Investments LLC’s holdings in Citigroup were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in C. Goldman Sachs Group Inc. grew its holdings in shares of Citigroup by 179.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares in the last quarter. Nuveen LLC purchased a new position in shares of Citigroup in the first quarter valued at $578,100,000. Northern Trust Corp grew its holdings in shares of Citigroup by 13.9% in 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. GAMMA Investing LLC grew its holdings in shares of Citigroup by 7,899.8% in the first quarter. GAMMA Investing LLC now owns 2,430,414 shares of the company’s stock valued at $172,535,000 after purchasing an additional 2,400,033 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Citigroup by 16.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,497,812 shares of the company’s stock valued at $879,721,000 after purchasing an additional 1,794,597 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 1.9%

Shares of C stock opened at $93.66 on Monday. The stock has a 50 day simple moving average of $87.83 and a 200-day simple moving average of $77.81. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $96.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $172.42 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.81 and a beta of 1.38.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be issued a dividend of $0.60 per share. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Citigroup’s dividend payout ratio (DPR) is 35.45%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. TD Cowen lifted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. Bank of America lifted their target price on Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, June 26th. Morgan Stanley lifted their target price on Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. UBS Group reiterated a “neutral” rating and set a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Barclays lifted their target price on Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.54.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

Citigroup 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.