Citigroup Inc. (NYSE:C) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in Citigroup Inc. (NYSE:C) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,061,395 shares of the company’s stock after selling 80,302 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Citigroup worth $67,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $867,599,000. Bank of New York Mellon Corp grew its holdings in Citigroup by 18.4% during the 1st quarter. Bank of New York Mellon Corp now owns 29,756,568 shares of the company’s stock valued at $1,881,805,000 after buying an additional 4,620,867 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Citigroup during the 4th quarter valued at $2,109,120,000. Los Angeles Capital Management LLC increased its position in Citigroup by 873.6% during the first quarter. Los Angeles Capital Management LLC now owns 2,138,865 shares of the company’s stock worth $135,262,000 after buying an additional 1,919,170 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Citigroup by 8.0% in the fourth quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock worth $1,273,411,000 after acquiring an additional 1,836,283 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on C shares. Jefferies Financial Group increased their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Argus lifted their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Royal Bank of Canada lifted their target price on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, BMO Capital Markets increased their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.25.

Citigroup Stock Up 0.4 %

NYSE:C traded up $0.25 during trading hours on Friday, hitting $65.14. The stock had a trading volume of 8,583,112 shares, compared to its average volume of 14,301,064. The business has a 50 day simple moving average of $63.00 and a two-hundred day simple moving average of $59.44. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 1.47. The company has a market cap of $124.25 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.71 and a beta of 1.46.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts predict that Citigroup Inc. will post 5.82 EPS for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a yield of 3.44%. Citigroup’s payout ratio is currently 62.75%.

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.