Teachers Retirement System of The State of Kentucky Sells 4,444 Shares of Citigroup Inc. (NYSE:C)

Teachers Retirement System of The State of Kentucky lessened its position in Citigroup Inc. (NYSE:C) by 2.8% during the 2nd quarter, Holdings Channel reports. The firm owned 152,051 shares of the company’s stock after selling 4,444 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Citigroup were worth $9,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Price T Rowe Associates Inc. MD boosted its stake in shares of Citigroup by 123.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after purchasing an additional 17,525,484 shares in the last quarter. Swedbank AB acquired a new stake in shares of Citigroup in the 1st quarter valued at $253,286,000. Acadian Asset Management LLC boosted its stake in shares of Citigroup by 527.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after purchasing an additional 2,100,135 shares in the last quarter. Caxton Associates LP lifted its position in Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after buying an additional 1,988,494 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Citigroup by 873.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 2,138,865 shares of the company’s stock worth $135,262,000 after buying an additional 1,919,170 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $61.83 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $117.94 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45. The stock has a 50-day moving average of $60.76 and a 200-day moving average of $61.74. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The company had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 5.79 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, August 5th. This is a boost from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.62%. Citigroup’s dividend payout ratio is 62.75%.

Wall Street Analysts Forecast Growth

C has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Argus upped their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Royal Bank of Canada upped their price target on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Piper Sandler upped their price target on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Morgan Stanley upped their price target on shares of Citigroup from $79.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.69.

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.