Citigroup Inc. (NYSE:C) Holdings Reduced by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its position in Citigroup Inc. (NYSE:CGet Rating) by 54.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,418 shares of the company’s stock after selling 54,435 shares during the period. International Assets Investment Management LLC’s holdings in Citigroup were worth $2,803,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. AM Investment Strategies LLC lifted its stake in Citigroup by 0.7% during the fourth quarter. AM Investment Strategies LLC now owns 22,279 shares of the company’s stock valued at $1,345,000 after purchasing an additional 164 shares during the last quarter. Adirondack Trust Co. raised its holdings in shares of Citigroup by 6.8% during the third quarter. Adirondack Trust Co. now owns 2,635 shares of the company’s stock valued at $182,000 after acquiring an additional 167 shares during the period. Affinity Investment Advisors LLC raised its holdings in shares of Citigroup by 3.5% during the fourth quarter. Affinity Investment Advisors LLC now owns 5,083 shares of the company’s stock valued at $307,000 after acquiring an additional 172 shares during the period. Knightsbridge Asset Management LLC raised its holdings in shares of Citigroup by 3.5% during the third quarter. Knightsbridge Asset Management LLC now owns 5,249 shares of the company’s stock valued at $368,000 after acquiring an additional 178 shares during the period. Finally, Cape ANN Savings Bank increased its stake in Citigroup by 1.4% in the 3rd quarter. Cape ANN Savings Bank now owns 13,355 shares of the company’s stock valued at $937,000 after buying an additional 180 shares during the period. 74.91% of the stock is owned by institutional investors.

Shares of C traded up $1.08 during trading hours on Friday, hitting $47.64. The company had a trading volume of 21,739,368 shares, compared to its average volume of 23,439,886. The firm has a market cap of $94.37 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 0.61 and a beta of 1.61. The business has a fifty day moving average of $52.59 and a 200-day moving average of $60.29. Citigroup Inc. has a 12 month low of $45.40 and a 12 month high of $80.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.42.

Citigroup (NYSE:CGet Rating) last released its quarterly earnings results on Thursday, April 14th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.55 by $0.47. The business had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.12 billion. Citigroup had a net margin of 22.95% and a return on equity of 10.96%. Citigroup’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.62 earnings per share. On average, equities analysts expect that Citigroup Inc. will post 6.96 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 2nd will be issued a $0.51 dividend. The ex-dividend date is Friday, April 29th. This represents a $2.04 dividend on an annualized basis and a yield of 4.28%. Citigroup’s dividend payout ratio (DPR) is presently 24.06%.

Several brokerages have recently commented on C. Wells Fargo & Company dropped their price target on shares of Citigroup from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, March 14th. Jefferies Financial Group downgraded shares of Citigroup from a “buy” rating to a “hold” rating and dropped their target price for the stock from $79.00 to $60.00 in a report on Monday, March 7th. BMO Capital Markets decreased their price target on shares of Citigroup from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, April 18th. Oppenheimer decreased their price target on shares of Citigroup from $100.00 to $93.00 in a research report on Tuesday, May 3rd. Finally, Morgan Stanley lowered shares of Citigroup from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $75.00 to $60.00 in a research report on Monday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.48.

About Citigroup (Get Rating)

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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