Citigroup Inc. (NYSE:C) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. lowered its holdings in Citigroup Inc. (NYSE:C) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,820 shares of the company’s stock after selling 8,830 shares during the period. Meyer Handelman Co.’s holdings in Citigroup were worth $3,225,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Inspire Trust Co. N.A. boosted its holdings in Citigroup by 34.8% in the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after purchasing an additional 20,000 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Citigroup by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock valued at $22,236,000 after buying an additional 8,301 shares during the period. KBC Group NV grew its position in shares of Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after buying an additional 20,291 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock worth $24,710,000 after acquiring an additional 18,278 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Citigroup by 8.6% in the third quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock valued at $21,210,000 after acquiring an additional 26,882 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on C. Oppenheimer dropped their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Finally, Evercore ISI boosted their price objective on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.13.

Citigroup Trading Up 1.1 %

NYSE:C opened at $73.59 on Wednesday. The stock has a fifty day simple moving average of $70.60 and a 200 day simple moving average of $65.22. The firm has a market capitalization of $139.18 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 1-year low of $50.51 and a 1-year high of $74.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same period last year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.04%. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

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.