Community Trust & Investment Co. Reduces Stake in Citigroup Inc (C)

Community Trust & Investment Co. lowered its holdings in shares of Citigroup Inc (NYSE:C) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 363,325 shares of the financial services provider’s stock after selling 13,463 shares during the quarter. Citigroup comprises 2.8% of Community Trust & Investment Co.’s holdings, making the stock its 9th largest holding. Community Trust & Investment Co.’s holdings in Citigroup were worth $18,915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. Csenge Advisory Group bought a new position in Citigroup in the third quarter valued at approximately $104,000. Ipswich Investment Management Co. Inc. bought a new position in Citigroup in the fourth quarter valued at approximately $116,000. Trust Asset Management LLC grew its stake in Citigroup by 3,894.4% in the third quarter. Trust Asset Management LLC now owns 347,150 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 338,459 shares in the last quarter. Arlington Partners LLC bought a new position in Citigroup in the third quarter valued at approximately $143,000. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Citigroup in the third quarter valued at approximately $150,000. 72.68% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on C. Standpoint Research raised Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price objective for the company in a report on Wednesday, December 26th. BMO Capital Markets boosted their price objective on Citigroup to $92.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. Wolfe Research started coverage on Citigroup in a research note on Tuesday, September 25th. They set an “outperform” rating on the stock. TheStreet downgraded Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, December 11th. Finally, ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $76.36.

Shares of NYSE C opened at $62.47 on Friday. The stock has a market cap of $159.83 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.56. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 0.99.

Citigroup (NYSE:C) last issued its earnings results on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.06. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.57 billion. During the same period in the prior year, the firm earned $1.28 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc will post 7.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, February 1st. Citigroup’s dividend payout ratio (DPR) is currently 27.07%.

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Citigroup Company Profile

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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