SRS Capital Advisors Inc. Decreases Stake in Citigroup Inc. (NYSE:C)

SRS Capital Advisors Inc. decreased its position in Citigroup Inc. (NYSE:CGet Rating) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,362 shares of the company’s stock after selling 1,738 shares during the period. SRS Capital Advisors Inc.’s holdings in Citigroup were worth $505,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of C. BlackRock Inc. increased its stake in shares of Citigroup by 0.7% during the 3rd quarter. BlackRock Inc. now owns 161,104,133 shares of the company’s stock worth $11,306,290,000 after purchasing an additional 1,149,068 shares during the last quarter. Morgan Stanley increased its stake in shares of Citigroup by 1.3% during the 3rd quarter. Morgan Stanley now owns 24,478,057 shares of the company’s stock worth $1,717,870,000 after purchasing an additional 315,655 shares during the last quarter. Sanders Capital LLC increased its stake in shares of Citigroup by 4.3% during the 3rd quarter. Sanders Capital LLC now owns 19,577,580 shares of the company’s stock worth $1,496,876,000 after purchasing an additional 810,559 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Citigroup by 3.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,693,395 shares of the company’s stock worth $1,311,902,000 after purchasing an additional 662,508 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Citigroup by 4.0% during the 3rd quarter. Invesco Ltd. now owns 16,670,232 shares of the company’s stock worth $1,169,918,000 after purchasing an additional 642,825 shares during the last quarter. Hedge funds and other institutional investors own 72.09% of the company’s stock.

In other Citigroup news, insider Sara Wechter sold 14,800 shares of the company’s stock in a transaction that occurred on Friday, February 11th. The stock was sold at an average price of $68.56, for a total value of $1,014,688.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by corporate insiders.

C has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $81.00 to $64.00 in a research note on Thursday, March 3rd. Barclays decreased their price target on shares of Citigroup from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 6th. Piper Sandler reduced their price objective on shares of Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Credit Suisse Group reduced their price objective on shares of Citigroup from $72.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Citigroup from $80.50 to $76.00 and set a “neutral” rating for the company in a research note on Thursday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Citigroup currently has a consensus rating of “Hold” and an average target price of $72.10.

NYSE:C traded down $1.29 during trading hours on Friday, hitting $48.21. The stock had a trading volume of 21,844,935 shares, compared to its average volume of 23,518,220. The company has a 50 day simple moving average of $54.64 and a two-hundred day simple moving average of $61.80. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.92 and a quick ratio of 0.92. Citigroup Inc. has a one year low of $48.05 and a one year high of $80.29. The firm has a market capitalization of $95.50 billion, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.65 and a beta of 1.67.

Citigroup (NYSE:CGet Rating) last announced its quarterly earnings results on Thursday, April 14th. The company reported $2.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.05 by ($0.03). Citigroup had a net margin of 22.95% and a return on equity of 10.96%. The firm had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.12 billion. During the same period in the previous year, the business earned $3.62 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 6.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 2nd will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.23%. The ex-dividend date is Friday, April 29th. Citigroup’s dividend payout ratio (DPR) is currently 24.06%.

Citigroup Company Profile (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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