Sei Investments Co. Sells 19,002 Shares of Citigroup Inc. $C

Sei Investments Co. lowered its stake in Citigroup Inc. (NYSE:C) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,753,965 shares of the company’s stock after selling 19,002 shares during the period. Sei Investments Co. owned 0.10% of Citigroup worth $149,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Howard Hughes Medical Institute bought a new stake in Citigroup in the second quarter worth $34,000. DHJJ Financial Advisors Ltd. boosted its stake in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Truvestments Capital LLC grew its position in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in Citigroup during the 2nd quarter valued at about $38,000. Finally, MTM Investment Management LLC bought a new stake in Citigroup during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays increased their price target on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. UBS Group restated a “neutral” rating and issued a $108.00 price target on shares of Citigroup in a research note on Monday, November 24th. Finally, Wells Fargo & Company lifted their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.23.

Citigroup Stock Performance

C stock opened at $111.28 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $111.91. The company has a market cap of $199.11 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 0.54 and a beta of 1.21. The stock’s fifty day moving average price is $100.63 and its 200-day moving average price is $93.86.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 earnings per share. On average, equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is presently 33.71%.

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.