South Texas Money Management Ltd. Has $43.78 Million Stake in Citigroup Inc (C)

South Texas Money Management Ltd. boosted its holdings in Citigroup Inc (NYSE:C) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 703,685 shares of the financial services provider’s stock after buying an additional 21,096 shares during the quarter. Citigroup makes up 1.9% of South Texas Money Management Ltd.’s holdings, making the stock its 13th biggest holding. South Texas Money Management Ltd.’s holdings in Citigroup were worth $43,783,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Evolution Wealth Advisors LLC acquired a new stake in shares of Citigroup during the fourth quarter valued at about $29,000. Larson Financial Group LLC acquired a new stake in shares of Citigroup during the fourth quarter valued at about $29,000. Signet Investment Advisory Group Inc. acquired a new stake in shares of Citigroup during the fourth quarter valued at about $32,000. Blume Capital Management Inc. boosted its stake in shares of Citigroup by 4,615.4% during the fourth quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 600 shares in the last quarter. Finally, Acima Private Wealth LLC acquired a new stake in shares of Citigroup during the fourth quarter valued at about $33,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

C has been the topic of a number of recent research reports. TheStreet raised Citigroup from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Jefferies Financial Group raised Citigroup from a “hold” rating to a “buy” rating and lifted their price target for the company from $64.00 to $73.00 in a research note on Friday, February 22nd. Standpoint Research raised Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price target on the stock in a research note on Wednesday, December 26th. Wells Fargo & Co lowered Citigroup to a “buy” rating in a research note on Friday, January 4th. Finally, Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $80.61.

Shares of C opened at $69.67 on Friday. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. The stock has a market cap of $179.06 billion, a PE ratio of 10.48, a P/E/G ratio of 0.80 and a beta of 1.67.

Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.09. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The company had revenue of $18.58 billion during the quarter, compared to the consensus estimate of $18.56 billion. During the same period last year, the company earned $1.68 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that Citigroup Inc will post 7.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. Citigroup’s dividend payout ratio (DPR) is 27.07%.

In other news, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $64.27, for a total value of $348,343.40. The disclosure for this sale can be found here. 0.09% of the stock is owned by company 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 in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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