Investors Research Corp Sells 207 Shares of Citigroup Inc. (NYSE:C)

Investors Research Corp lowered its stake in Citigroup Inc. (NYSE:C) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,509 shares of the company’s stock after selling 207 shares during the quarter. Investors Research Corp’s holdings in Citigroup were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in C. Panagora Asset Management Inc. raised its position in shares of Citigroup by 24.5% in the first quarter. Panagora Asset Management Inc. now owns 29,752 shares of the company’s stock worth $1,589,000 after buying an additional 5,853 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in shares of Citigroup by 50.5% in the 1st quarter. Zions Bancorporation N.A. now owns 6,256 shares of the company’s stock valued at $334,000 after acquiring an additional 2,100 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Citigroup by 20.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 5,274 shares of the company’s stock valued at $282,000 after acquiring an additional 907 shares during the last quarter. Ergoteles LLC bought a new stake in shares of Citigroup during the 1st quarter valued at about $761,000. Finally, Halbert Hargrove Global Advisors LLC increased its position in shares of Citigroup by 7.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 4,077 shares of the company’s stock worth $218,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

C opened at $58.56 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $57.99 and its 200 day simple moving average is $50.81. The firm has a market cap of $112.15 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.93 and a beta of 1.52. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. As a group, analysts predict that Citigroup Inc. will post 5.73 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Analyst Upgrades and Downgrades

C has been the subject of several research analyst reports. HSBC lifted their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Oppenheimer reduced their target price on Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Monday. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research report on Wednesday, January 10th. Finally, Barclays upped their price objective on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup Company 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.