Vestcor Inc Has $2.34 Million Stake in Citigroup Inc. (NYSE:C)

Vestcor Inc decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 37.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,360 shares of the company’s stock after selling 22,652 shares during the quarter. Vestcor Inc’s holdings in Citigroup were worth $2,339,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Continuum Advisory LLC grew its holdings in Citigroup by 5.6% during the third quarter. Continuum Advisory LLC now owns 6,399 shares of the company’s stock valued at $436,000 after purchasing an additional 340 shares during the period. LRI Investments LLC boosted its holdings in shares of Citigroup by 80.1% in the third quarter. LRI Investments LLC now owns 9,040 shares of the company’s stock valued at $616,000 after buying an additional 4,021 shares during the period. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Citigroup by 173.9% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 15,960 shares of the company’s stock valued at $999,000 after buying an additional 10,133 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Citigroup by 1.8% in the third quarter. Public Employees Retirement System of Ohio now owns 907,768 shares of the company’s stock valued at $56,826,000 after buying an additional 16,235 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Citigroup by 9.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 729,496 shares of the company’s stock valued at $45,666,000 after buying an additional 61,941 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America increased their target price on shares of Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Evercore ISI increased their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $70.00 to $82.00 in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.63.

Citigroup Trading Up 0.9 %

C stock opened at $72.52 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The company’s 50-day simple moving average is $66.50 and its 200 day simple moving average is $63.42. Citigroup Inc. has a 52 week low of $47.71 and a 52 week high of $73.38. The company has a market capitalization of $137.15 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.09%. Citigroup’s payout ratio is 64.93%.

Citigroup Profile

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.