South Dakota Investment Council Sells 16,123 Shares of Citigroup Inc. (NYSE:C)

South Dakota Investment Council reduced its position in Citigroup Inc. (NYSE:C) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 509,663 shares of the company’s stock after selling 16,123 shares during the quarter. Citigroup makes up 0.6% of South Dakota Investment Council’s portfolio, making the stock its 26th largest holding. South Dakota Investment Council’s holdings in Citigroup were worth $26,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup in the third quarter valued at $25,000. Rakuten Securities Inc. acquired a new stake in Citigroup in the fourth quarter worth about $35,000. GHP Investment Advisors Inc. increased its position in Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares during the period. AlphaMark Advisors LLC increased its position in Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Citigroup in the fourth quarter worth about $39,000. 71.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

C has been the subject of a number of research reports. Evercore ISI lifted their price objective on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Wells Fargo & Company restated an “overweight” rating and set a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Piper Sandler raised their target price on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. HSBC raised their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Jefferies Financial Group raised their target price on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Stock Up 2.8 %

Shares of NYSE:C traded up $1.70 during trading on Tuesday, hitting $62.66. 17,421,513 shares of the company were exchanged, compared to its average volume of 17,179,559. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a market cap of $120.00 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 0.89 and a beta of 1.52. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The firm has a fifty day moving average price of $58.64 and a two-hundred day moving average price of $51.62.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS. As a group, research analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

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.