Yousif Capital Management LLC Lowers Stock Position in Citigroup Inc. (NYSE:C)

Yousif Capital Management LLC lowered its stake in shares of Citigroup Inc. (NYSE:C) by 6.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 333,385 shares of the company’s stock after selling 24,640 shares during the period. Yousif Capital Management LLC’s holdings in Citigroup were worth $17,149,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Carmel Capital Partners LLC bought a new position in Citigroup during the third quarter worth about $25,000. Rakuten Securities Inc. bought a new position in shares of Citigroup in the fourth quarter valued at approximately $35,000. GHP Investment Advisors Inc. boosted its position in shares of Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. AlphaMark Advisors LLC boosted its position in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Citigroup in the fourth quarter valued at approximately $39,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE:C traded up $1.70 during midday trading on Tuesday, reaching $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 business’s fifty day moving average is $58.64 and its two-hundred day moving average is $51.62. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90. The stock has a market cap of $120.00 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52.

Citigroup (NYSE:C) last issued 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 firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. As a group, analysts predict that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Announces Dividend

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

Wall Street Analyst Weigh In

C has been the topic of a number of recent analyst reports. Evercore ISI raised their target price on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Jefferies Financial Group lifted their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Piper Sandler lifted their target price on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, HSBC lifted their price target on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup 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.