New York State Teachers Retirement System Sells 130,450 Shares of Citigroup Inc. (C)

New York State Teachers Retirement System lessened its holdings in Citigroup Inc. (NYSE:C) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,755,246 shares of the financial services provider’s stock after selling 130,450 shares during the period. Citigroup accounts for approximately 0.9% of New York State Teachers Retirement System’s portfolio, making the stock its 18th largest holding. New York State Teachers Retirement System owned approximately 0.18% of Citigroup worth $345,897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after buying an additional 189,447,104 shares during the period. Lazard Asset Management LLC raised its stake in Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares during the period. PointState Capital LP purchased a new position in Citigroup during the second quarter worth approximately $321,322,000. Pioneer Investment Management Inc. raised its stake in Citigroup by 2,317.8% during the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after purchasing an additional 4,795,145 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after purchasing an additional 4,413,329 shares during the period. 78.59% of the stock is currently owned by institutional investors.

Citigroup Inc. (NYSE C) opened at $74.77 on Friday. The firm has a market cap of $197,692.02, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a fifty-two week low of $55.23 and a fifty-two week high of $77.92.

Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same period last year, the firm posted $1.24 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. sell-side analysts predict that Citigroup Inc. will post 5.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. Citigroup’s payout ratio is currently 24.66%.

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, December 12th. Nomura increased their price objective on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective for the company in a research report on Monday, December 4th. Finally, Raymond James Financial initiated coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $76.54.

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Citigroup Company Profile

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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