Levin Capital Strategies L.P. Lowers Holdings in Citigroup Inc (C)

Levin Capital Strategies L.P. lessened its holdings in shares of Citigroup Inc (NYSE:C) by 9.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,577,528 shares of the financial services provider’s stock after selling 365,170 shares during the period. Citigroup comprises approximately 4.1% of Levin Capital Strategies L.P.’s holdings, making the stock its 6th biggest position. Levin Capital Strategies L.P.’s holdings in Citigroup were worth $186,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Advisors LLC purchased a new stake in Citigroup in the 4th quarter valued at about $29,000. Signet Investment Advisory Group Inc. purchased a new stake in Citigroup in the 4th quarter valued at about $32,000. Hudock Capital Group LLC raised its holdings in Citigroup by 79.0% in the 4th quarter. Hudock Capital Group LLC now owns 836 shares of the financial services provider’s stock valued at $43,000 after buying an additional 369 shares during the period. Ayalon Holdings Ltd. purchased a new stake in Citigroup in the 4th quarter valued at about $50,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Citigroup in the 4th quarter valued at about $65,000. 73.99% of the stock is currently owned by institutional investors.

C stock opened at $64.27 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 0.99. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $78.42. The company has a market cap of $165.18 billion, a P/E ratio of 9.66, a PEG ratio of 0.79 and a beta of 1.67.

Citigroup (NYSE:C) last released its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.06. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.57 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts anticipate that Citigroup Inc will post 7.49 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 4th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.80%. Citigroup’s payout ratio is 27.07%.

C has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. Morgan Stanley cut their price target on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Barclays cut their price target on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. TheStreet upgraded shares of Citigroup from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Finally, Wells Fargo & Co lowered shares of Citigroup to a “buy” rating in a research note on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and an average target price of $76.80.

In related news, insider W. Bradford Hu sold 5,420 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.27, for a total value of $348,343.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Whitaker sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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