Strs Ohio decreased its stake in shares of Citigroup Inc (NYSE:C) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,789,496 shares of the financial services provider’s stock after selling 117,960 shares during the period. Citigroup comprises about 0.8% of Strs Ohio’s investment portfolio, making the stock its 19th biggest holding. Strs Ohio owned about 0.11% of Citigroup worth $186,673,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of C. Legacy Advisors LLC raised its stake in Citigroup by 349.7% during the second quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 1,336 shares during the period. Stelac Advisory Services LLC acquired a new stake in Citigroup during the first quarter worth about $116,000. IMA Wealth Inc. acquired a new stake in Citigroup during the second quarter worth about $129,000. Bedel Financial Consulting Inc. acquired a new stake in Citigroup during the first quarter worth about $133,000. Finally, Twin Tree Management LP raised its stake in Citigroup by 100.4% during the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 535,686 shares during the period. 76.07% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Francisco Aristeguieta sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Raja Akram sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.
Shares of NYSE:C opened at $69.29 on Thursday. Citigroup Inc has a 52 week low of $64.38 and a 52 week high of $80.70. The company has a market capitalization of $180.57 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.96 and a beta of 1.49. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Monday, August 6th will be paid a $0.45 dividend. The ex-dividend date is Friday, August 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.60%. This is a positive change from Citigroup’s previous quarterly dividend of $0.32. Citigroup’s dividend payout ratio (DPR) is presently 33.77%.
Several research firms recently weighed in on C. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet upgraded shares of Citigroup from a “c” rating to a “b-” rating in a research note on Monday, July 30th. BMO Capital Markets increased their price objective on shares of Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, July 16th. Oppenheimer increased their price objective on shares of Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a research note on Monday, July 16th. Finally, Goldman Sachs Group set a $78.00 price target on shares of Citigroup and gave the company a “neutral” rating in a research note on Friday, July 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $81.65.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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