Citigroup Inc. (NYSE:C) Shares Sold by Linscomb & Williams Inc.

Linscomb & Williams Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,786 shares of the company’s stock after selling 4,683 shares during the period. Linscomb & Williams Inc.’s holdings in Citigroup were worth $7,396,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in C. Fisher Asset Management LLC grew its stake in shares of Citigroup by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after purchasing an additional 1,832,819 shares during the period. Northern Trust Corp increased its holdings in Citigroup by 1.2% in the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after buying an additional 232,652 shares in the last quarter. Norges Bank purchased a new position in Citigroup in the fourth quarter valued at $867,599,000. Pzena Investment Management LLC boosted its stake in shares of Citigroup by 1.3% during the 4th quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock worth $866,797,000 after acquiring an additional 223,206 shares in the last quarter. Finally, Greenhaven Associates Inc. grew its position in shares of Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after acquiring an additional 2,948,512 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on C. HSBC increased their price target on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Oppenheimer cut their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. Evercore ISI boosted their target price on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Finally, StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.66.

Citigroup Trading Up 0.9 %

Shares of C traded up $0.56 during midday trading on Friday, reaching $63.58. The company had a trading volume of 9,424,967 shares, compared to its average volume of 10,878,002. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $64.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a 50 day simple moving average of $61.76 and a 200-day simple moving average of $55.16. The stock has a market cap of $121.28 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were issued a $0.53 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.33%. Citigroup’s dividend payout ratio is currently 62.72%.

About Citigroup

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.