Levin Capital Strategies L.P. lessened its holdings in shares of Citigroup Inc (NYSE:C) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,871,857 shares of the financial services provider’s stock after selling 338,772 shares during the period. Citigroup comprises about 4.9% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 2nd biggest position. Levin Capital Strategies L.P.’s holdings in Citigroup were worth $288,105,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Sawyer & Company Inc bought a new position in shares of Citigroup in the fourth quarter valued at approximately $117,000. Baldwin Brothers Inc. MA boosted its position in shares of Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares during the period. Balentine LLC boosted its position in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the period. Finally, Lee Financial Co boosted its position in shares of Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 813 shares during the period. Hedge funds and other institutional investors own 80.21% of the company’s stock.
Citigroup Inc (NYSE C) opened at $76.11 on Monday. The company has a market cap of $195,607.72, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s payout ratio is -41.29%.
C has been the topic of a number of recent analyst reports. Vetr downgraded shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price on the stock. in a research note on Wednesday, November 29th. Nomura raised their target price on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Finally, Wells Fargo & Co set a $95.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $79.65.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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