Kentucky Retirement Systems Has $8.32 Million Holdings in Citigroup Inc. (NYSE:C)

Kentucky Retirement Systems trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,907 shares of the company’s stock after selling 10,831 shares during the period. Kentucky Retirement Systems’ holdings in Citigroup were worth $8,320,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MONECO Advisors LLC raised its holdings in shares of Citigroup by 2.9% in the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock valued at $352,000 after purchasing an additional 157 shares during the period. Lifestyle Asset Management Inc. increased its holdings in shares of Citigroup by 4.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock worth $233,000 after acquiring an additional 160 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Citigroup by 4.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock valued at $272,000 after acquiring an additional 164 shares during the period. Legacy Capital Group California Inc. lifted its holdings in Citigroup by 1.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock valued at $1,053,000 after purchasing an additional 169 shares during the last quarter. Finally, Grove Bank & Trust boosted its position in Citigroup by 7.1% during the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock worth $161,000 after purchasing an additional 170 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 0.9 %

Shares of C stock opened at $68.76 on Friday. The business has a 50-day moving average price of $63.21 and a two-hundred day moving average price of $62.59. Citigroup Inc. has a 12-month low of $44.32 and a 12-month high of $70.20. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market cap of $130.04 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $1.52 earnings per share. Equities analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is currently 64.93%.

Analysts Set New Price Targets

Several analysts recently commented on C shares. Bank of America lifted their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Oppenheimer upped their target price on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group reduced their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Morgan Stanley lowered their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Evercore ISI upped their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.