Kentucky Retirement Systems Has $8.32 Million Stock Position in Citigroup Inc. (NYSE:C)

Kentucky Retirement Systems cut its position in Citigroup Inc. (NYSE:C - Free Report) by 7.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,907 shares of the company's stock after selling 10,831 shares during the quarter. Kentucky Retirement Systems' holdings in Citigroup were worth $8,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Citigroup by 123.5% in the first 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 buying an additional 17,525,484 shares during the period. Bank of New York Mellon Corp lifted its position in Citigroup by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company's stock worth $1,904,262,000 after purchasing an additional 250,716 shares during the period. Legal & General Group Plc grew its stake in Citigroup by 5.5% during the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company's stock worth $1,105,999,000 after buying an additional 913,231 shares in the last quarter. Greenhaven Associates Inc. increased its holdings in Citigroup by 1.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company's stock valued at $1,056,900,000 after buying an additional 242,545 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Citigroup by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company's stock valued at $590,106,000 after buying an additional 168,070 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Up 0.9 %

Shares of NYSE C traded up $0.61 during trading on Friday, reaching $68.76. The company had a trading volume of 15,373,056 shares, compared to its average volume of 14,459,951. The stock has a market cap of $130.04 billion, a P/E ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44. The company's fifty day moving average price is $63.21 and its 200-day moving average price is $62.60. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12 month low of $44.32 and a 12 month high of $70.20.

Citigroup (NYSE:C - Get Free Report) last announced its 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. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion for the quarter, compared to analysts' expectations of $19.86 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The firm's revenue was up .9% on a year-over-year basis. As a group, research analysts expect that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup's dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on C. Bank of America increased their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Oppenheimer boosted their price target on Citigroup from $91.00 to $107.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Evercore ISI lifted their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a report on Wednesday, October 16th. Finally, Barclays increased their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Citigroup Company 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.