Tetrem Capital Management Ltd. Decreases Position in Citigroup Inc. (C)

Tetrem Capital Management Ltd. decreased its stake in shares of Citigroup Inc. (NYSE:C) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,013,968 shares of the company’s stock after selling 12,772 shares during the quarter. Citigroup comprises 3.0% of Tetrem Capital Management Ltd.’s holdings, making the stock its 9th biggest position. Tetrem Capital Management Ltd.’s holdings in Citigroup were worth $67,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the company’s stock worth $358,000 after acquiring an additional 40 shares during the period. Leisure Capital Management increased its stake in shares of Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the company’s stock worth $252,000 after acquiring an additional 59 shares during the period. Regal Investment Advisors LLC increased its stake in shares of Citigroup by 2.0% in the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the company’s stock worth $227,000 after acquiring an additional 74 shares during the period. Halbert Hargrove Russell LLC increased its stake in shares of Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the company’s stock worth $317,000 after acquiring an additional 74 shares during the period. Finally, Usca Ria LLC increased its stake in shares of Citigroup by 0.3% in the second quarter. Usca Ria LLC now owns 34,375 shares of the company’s stock worth $2,299,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 78.15% of the company’s stock.

Shares of Citigroup Inc. (NYSE:C) opened at C$72.25 on Monday. The firm has a market cap of $191,029.14, a P/E ratio of 13.92, a PEG ratio of 1.42 and a beta of 1.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a 12-month low of C$51.60 and a 12-month high of C$76.14.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The company reported C$1.42 EPS for the quarter, beating the consensus estimate of C$1.32 by C$0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of C$18.17 billion during the quarter, compared to the consensus estimate of C$17.87 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. research analysts expect that Citigroup Inc. will post 5.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a $0.32 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.77%. Citigroup’s dividend payout ratio (DPR) is 24.66%.

A number of analysts have recently weighed in on C shares. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Credit Suisse Group restated a “buy” rating and set a $73.00 price target on shares of Citigroup in a research report on Wednesday, September 13th. Morgan Stanley raised their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Jefferies Group LLC set a $81.00 price target on shares of Citigroup and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets raised their price target on shares of Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$74.77.

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Citigroup Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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