Karpas Strategies LLC decreased its stake in Citigroup Inc (NYSE:C) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,773 shares of the financial services provider’s stock after selling 4,985 shares during the period. Citigroup accounts for 1.2% of Karpas Strategies LLC’s holdings, making the stock its 24th biggest position. Karpas Strategies LLC’s holdings in Citigroup were worth $2,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after acquiring an additional 6,688,305 shares during the period. Lazard Asset Management LLC boosted its position in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares during the period. PointState Capital LP acquired a new stake in Citigroup during the 2nd quarter worth about $321,322,000. The Manufacturers Life Insurance Company boosted its position in Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after acquiring an additional 4,413,329 shares during the period. Finally, FMR LLC boosted its position in Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Institutional investors and hedge funds own 80.71% of the company’s stock.

Citigroup Inc (NYSE C) opened at $74.76 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70. The firm has a market capitalization of $189,357.58, a P/E ratio of 13.82, a P/E/G ratio of 1.07 and a beta of 1.54.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the business earned $1.14 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. research analysts predict that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.

A number of research firms have recently weighed in on C. Macquarie raised their price target on Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price target for the company. in a research note on Monday, February 5th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday. Morgan Stanley raised their price target on Citigroup from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $79.65.

TRADEMARK VIOLATION NOTICE: “Citigroup Inc (C) Position Decreased by Karpas Strategies LLC” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/citigroup-inc-c-position-decreased-by-karpas-strategies-llc/1862926.html.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.