Sentry Investment Management LLC Has $42,000 Position in Citigroup Inc. (NYSE:C)

Sentry Investment Management LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 92.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 811 shares of the company’s stock after selling 10,370 shares during the quarter. Sentry Investment Management LLC’s holdings in Citigroup were worth $42,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in C. Snider Financial Group lifted its stake in Citigroup by 96,645.9% in the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after acquiring an additional 84,407,589 shares during the last quarter. Geode Capital Management LLC lifted its stake in Citigroup by 1.5% in the first quarter. Geode Capital Management LLC now owns 35,179,006 shares of the company’s stock valued at $1,646,775,000 after acquiring an additional 519,202 shares during the last quarter. Morgan Stanley lifted its stake in Citigroup by 2.6% in the fourth quarter. Morgan Stanley now owns 25,852,678 shares of the company’s stock valued at $1,169,317,000 after acquiring an additional 666,560 shares during the last quarter. Northern Trust Corp lifted its stake in Citigroup by 1.2% in the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after acquiring an additional 232,652 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its stake in Citigroup by 3.0% in the third quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock valued at $683,886,000 after acquiring an additional 486,952 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on C shares. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Barclays lifted their price target on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Evercore ISI lifted their price target on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Trading Up 0.3 %

Shares of C stock opened at $58.32 on Friday. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm’s fifty day simple moving average is $58.19 and its 200 day simple moving average is $51.03. The firm has a market capitalization of $111.70 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. As a group, sell-side analysts predict that Citigroup Inc. will post 5.91 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.64%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

About Citigroup

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.