Sentinel Trust Co. LBA Sells 11,530 Shares of Citigroup Inc (NYSE:C)

Sentinel Trust Co. LBA lowered its stake in Citigroup Inc (NYSE:C) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,631 shares of the financial services provider’s stock after selling 11,530 shares during the quarter. Citigroup comprises approximately 0.7% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 28th biggest holding. Sentinel Trust Co. LBA’s holdings in Citigroup were worth $2,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in C. Family Legacy Inc. lifted its position in Citigroup by 341.8% during the fourth quarter. Family Legacy Inc. now owns 1,542 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,193 shares during the period. ValueAct Holdings L.P. lifted its position in Citigroup by 4.2% during the third quarter. ValueAct Holdings L.P. now owns 26,225,500 shares of the financial services provider’s stock worth $1,881,417,000 after purchasing an additional 1,050,000 shares during the period. MUFG Securities EMEA plc bought a new stake in Citigroup during the fourth quarter worth about $29,160,000. Rampart Investment Management Company LLC lifted its position in Citigroup by 56.0% during the third quarter. Rampart Investment Management Company LLC now owns 68,862 shares of the financial services provider’s stock worth $1,832,768,000 after purchasing an additional 24,716 shares during the period. Finally, RWC Asset Management LLP lifted its position in Citigroup by 13.4% during the fourth quarter. RWC Asset Management LLP now owns 420,019 shares of the financial services provider’s stock worth $21,866,000 after purchasing an additional 49,563 shares during the period. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Stephen Bird sold 30,000 shares of Citigroup stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $69.33, for a total value of $2,079,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction dated Wednesday, February 13th. The stock was 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. Over the last 90 days, insiders have sold 42,420 shares of company stock worth $2,870,923. Company insiders own 0.09% of the company’s stock.

C has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Morgan Stanley dropped their target price on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, January 8th. Barclays lowered their price objective on Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Finally, TheStreet raised Citigroup from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.98.

Shares of C stock traded down $0.10 during trading hours on Thursday, hitting $68.73. 8,809,599 shares of the company were exchanged, compared to its average volume of 16,502,822. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week 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 company has a market cap of $177.85 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.67.

Citigroup (NYSE:C) last issued its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $18.56 billion. During the same period last year, the business earned $1.68 EPS. Citigroup’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts anticipate that Citigroup Inc will post 7.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 27.07%.

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Citigroup Company Profile

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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