Hyman Charles D Sells 193 Shares of Citigroup Inc. (NYSE:C)


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Hyman Charles D reduced its stake in shares of Citigroup Inc. (NYSE:C) by 4.1% in the first quarter, HoldingsChannel.com reports. The firm owned 4,553 shares of the company’s stock after selling 193 shares during the period. Hyman Charles D’s holdings in Citigroup were worth $331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Wealth Asset Management LLC boosted its stake in shares of Citigroup by 1.2% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 12,642 shares of the company’s stock worth $920,000 after buying an additional 146 shares during the last quarter. Crescent Capital Consulting LLC boosted its position in Citigroup by 7.0% during the first quarter. Crescent Capital Consulting LLC now owns 2,354 shares of the company’s stock valued at $171,000 after buying an additional 154 shares during the period. AM Investment Strategies LLC boosted its position in Citigroup by 0.7% during the first quarter. AM Investment Strategies LLC now owns 21,817 shares of the company’s stock valued at $1,587,000 after buying an additional 157 shares during the period. Nachman Norwood & Parrott Inc boosted its position in Citigroup by 2.1% during the fourth quarter. Nachman Norwood & Parrott Inc now owns 7,746 shares of the company’s stock valued at $478,000 after buying an additional 160 shares during the period. Finally, Bank Hapoalim BM boosted its position in Citigroup by 1.5% during the first quarter. Bank Hapoalim BM now owns 10,535 shares of the company’s stock valued at $766,000 after buying an additional 160 shares during the period. 72.99% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE C traded up $0.47 during midday trading on Tuesday, hitting $72.18. The company’s stock had a trading volume of 803,606 shares, compared to its average volume of 19,928,186. The business’s fifty day simple moving average is $72.40 and its two-hundred day simple moving average is $61.86. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.97 and a quick ratio of 0.97. Citigroup Inc. has a 1 year low of $38.76 and a 1 year high of $76.13. The firm has a market capitalization of $150.62 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, April 14th. The company reported $3.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.60 by $1.02. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.34 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. Analysts anticipate that Citigroup Inc. will post 6.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Monday, May 3rd will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 30th. This represents a $2.04 dividend on an annualized basis and a yield of 2.83%. Citigroup’s dividend payout ratio is currently 41.80%.

A number of analysts have recently weighed in on C shares. Barclays increased their target price on shares of Citigroup from $77.00 to $84.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 7th. Wolfe Research lowered shares of Citigroup from an “outperform” rating to a “peer perform” rating and set a $76.00 target price for the company. in a report on Monday, April 5th. They noted that the move was a valuation call. Daiwa Capital Markets assumed coverage on shares of Citigroup in a report on Wednesday, January 6th. They issued a “buy” rating and a $75.00 price objective for the company. TheStreet upgraded shares of Citigroup from a “c” rating to a “b” rating in a report on Friday, January 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Citigroup from $58.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, March 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $75.59.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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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)

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