Twin Capital Management Inc. Has $17.57 Million Stock Position in Citigroup Inc (NYSE:C)

Twin Capital Management Inc. lowered its stake in Citigroup Inc (NYSE:C) by 32.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 250,933 shares of the financial services provider’s stock after selling 118,317 shares during the period. Citigroup makes up 1.2% of Twin Capital Management Inc.’s portfolio, making the stock its 12th largest holding. Twin Capital Management Inc.’s holdings in Citigroup were worth $17,573,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in C. LFA Lugano Financial Advisors SA acquired a new position in Citigroup in the 1st quarter valued at about $27,000. Personal Wealth Partners bought a new stake in Citigroup in the 2nd quarter valued at about $27,000. Harvest Group Wealth Management LLC bought a new stake in Citigroup in the 1st quarter valued at about $28,000. Centaurus Financial Inc. boosted its holdings in Citigroup by 95.1% in the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 835 shares during the period. Finally, Mcmillion Capital Management Inc. bought a new stake in Citigroup in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 77.65% of the company’s stock.

Shares of Citigroup stock traded up $0.09 on Thursday, reaching $61.50. 826,373 shares of the stock were exchanged, compared to its average volume of 13,639,416. The firm’s 50 day simple moving average is $69.66. Citigroup Inc has a one year low of $48.42 and a one year high of $75.24. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $145.12 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.70 and a beta of 1.76.

Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.17. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The company had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $18.49 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, research analysts predict that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, August 2nd. This is an increase from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s dividend payout ratio is 30.68%.

A number of research firms have issued reports on C. JPMorgan Chase & Co. boosted their price objective on shares of Citigroup from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Morgan Stanley set a $78.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $86.00 in a report on Friday, July 26th. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $79.40.

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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