Altshuler Shaham Ltd Has $77,000 Stock Holdings in Citigroup Inc. (NYSE:C)

Altshuler Shaham Ltd decreased its position in Citigroup Inc. (NYSE:C) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after selling 3,121,060 shares during the period. Altshuler Shaham Ltd’s holdings in Citigroup were worth $77,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Massachusetts Wealth Management raised its stake in Citigroup by 0.5% in the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after purchasing an additional 192 shares in the last quarter. Founders Capital Management raised its stake in Citigroup by 12.5% during the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after acquiring an additional 200 shares in the last quarter. Cowa LLC raised its stake in Citigroup by 3.1% during the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after acquiring an additional 200 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in Citigroup by 0.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock worth $1,267,000 after acquiring an additional 200 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in Citigroup by 5.6% during the fourth quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock worth $198,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on C. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Keefe, Bruyette & Woods raised their price target on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, Oppenheimer lowered their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. One research 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Stock Up 0.9 %

NYSE:C traded up $0.57 during trading hours on Thursday, reaching $63.32. 11,254,047 shares of the company traded hands, compared to its average volume of 16,483,809. The business’s 50-day moving average price is $60.13 and its two-hundred day moving average price is $53.17. The stock has a market capitalization of $121.28 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Analysts predict that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, May 3rd. 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.