Calamos Advisors LLC Sells 3,470 Shares of Citigroup Inc. (NYSE:C)

Calamos Advisors LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 536,064 shares of the company’s stock after selling 3,470 shares during the quarter. Calamos Advisors LLC’s holdings in Citigroup were worth $27,575,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in C. Carmel Capital Partners LLC purchased a new position in Citigroup in the 3rd quarter worth approximately $25,000. SkyView Investment Advisors LLC purchased a new position in Citigroup in the 1st quarter worth approximately $28,000. Rakuten Securities Inc. purchased a new position in Citigroup in the 4th quarter worth approximately $35,000. GHP Investment Advisors Inc. lifted its holdings in Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

C has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Evercore ISI upped their price objective on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Piper Sandler upped their price objective on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday. Finally, HSBC upped their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Stock Up 1.6 %

Shares of NYSE C traded up $0.93 during mid-day trading on Friday, reaching $59.25. 1,846,770 shares of the company were exchanged, compared to its average volume of 17,052,842. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a market cap of $113.48 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 0.88 and a beta of 1.52. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The firm has a 50-day moving average of $58.19 and a 200 day moving average of $51.03.

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

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.