InTrack Investment Management Inc Sells 3,894 Shares of Citigroup Inc. (NYSE:C)

InTrack Investment Management Inc decreased its stake in Citigroup Inc. (NYSE:C) by 20.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,065 shares of the company’s stock after selling 3,894 shares during the period. InTrack Investment Management Inc’s holdings in Citigroup were worth $943,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after purchasing an additional 17,525,484 shares during the last quarter. Swedbank AB bought a new position in shares of Citigroup during the 1st quarter valued at $253,286,000. Acadian Asset Management LLC grew its holdings in shares of Citigroup by 527.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after purchasing an additional 2,100,135 shares during the last quarter. Caxton Associates LP grew its holdings in shares of Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock valued at $127,453,000 after purchasing an additional 1,988,494 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Citigroup by 873.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 2,138,865 shares of the company’s stock valued at $135,262,000 after purchasing an additional 1,919,170 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI increased their target price on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday, July 3rd. Royal Bank of Canada increased their price target on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Argus increased their price target on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Morgan Stanley increased their price target on shares of Citigroup from $79.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, The Goldman Sachs Group dropped their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Citigroup Trading Up 3.6 %

NYSE:C opened at $65.74 on Friday. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81. The stock has a market cap of $125.42 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 0.74 and a beta of 1.44. The company has a 50-day moving average price of $60.66 and a 200-day moving average price of $61.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. During the same period last year, the company posted $1.37 EPS. Citigroup’s revenue was up 3.6% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a dividend of $0.56 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Monday, August 5th. Citigroup’s dividend payout ratio (DPR) is 62.75%.

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.