Citigroup Inc. (NYSE:C) Stock Position Decreased by AlphaMark Advisors LLC

AlphaMark Advisors LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 44.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 878 shares of the company’s stock after selling 712 shares during the period. AlphaMark Advisors LLC’s holdings in Citigroup were worth $56,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kentucky Retirement Systems grew its position in Citigroup by 2.6% in the 4th quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after purchasing an additional 3,808 shares during the last quarter. Simplicity Solutions LLC grew its position in Citigroup by 17.6% in the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after purchasing an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Citigroup by 56.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after purchasing an additional 449,310 shares during the last quarter. GFS Advisors LLC acquired a new stake in Citigroup during the fourth quarter valued at approximately $2,003,000. Finally, TD Asset Management Inc lifted its stake in Citigroup by 21.8% during the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock valued at $49,776,000 after purchasing an additional 173,137 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.0 %

Shares of C traded down $0.03 during mid-day trading on Monday, hitting $63.43. 12,921,325 shares of the company’s stock were exchanged, compared to its average volume of 15,090,590. The firm has a fifty day moving average of $62.11 and a two-hundred day moving average of $58.08. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $64.98. The stock has a market cap of $120.99 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 0.97 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the prior year, the business posted $1.86 EPS. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were paid a $0.53 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.34%. Citigroup’s payout ratio is presently 62.72%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Morgan Stanley restated an “overweight” rating and issued a $65.00 price target on shares of Citigroup in a research report on Thursday, June 20th. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. Jefferies Financial Group upped their price target on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.03.

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.