Maryland State Retirement & Pension System Has $7.69 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Maryland State Retirement & Pension System lessened its holdings in Citigroup Inc. (NYSE:C) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,507 shares of the company’s stock after selling 300 shares during the period. Maryland State Retirement & Pension System’s holdings in Citigroup were worth $7,691,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its stake in shares of Citigroup by 9.3% during the fourth quarter. Private Advisor Group LLC now owns 153,085 shares of the company’s stock valued at $7,875,000 after purchasing an additional 13,069 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of Citigroup by 34.2% during the fourth quarter. Summit Trail Advisors LLC now owns 14,745 shares of the company’s stock valued at $758,000 after purchasing an additional 3,761 shares during the last quarter. Leuthold Group LLC bought a new position in Citigroup in the fourth quarter valued at approximately $219,000. Gallacher Capital Management LLC boosted its stake in Citigroup by 62.5% in the fourth quarter. Gallacher Capital Management LLC now owns 12,183 shares of the company’s stock valued at $627,000 after acquiring an additional 4,686 shares during the last quarter. Finally, TCG Advisory Services LLC bought a new position in Citigroup in the fourth quarter valued at approximately $611,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of a number of recent research reports. HSBC raised their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research report on Wednesday, January 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Piper Sandler raised their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Trading Up 2.1 %

Shares of NYSE:C traded up $1.29 during mid-day trading on Monday, reaching $62.81. 13,116,267 shares of the company’s stock were exchanged, compared to its average volume of 16,691,197. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The business’s fifty day moving average price is $59.70 and its 200-day moving average price is $52.79. The firm has a market capitalization of $120.30 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last issued its earnings results 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. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 earnings per share. On average, research analysts predict that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is currently 62.72%.

Citigroup 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.