Sadoff Investment Management LLC Trims Stake in Citigroup Inc (C)

Sadoff Investment Management LLC trimmed its position in Citigroup Inc (NYSE:C) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 614,473 shares of the financial services provider’s stock after selling 9,060 shares during the quarter. Citigroup comprises about 3.1% of Sadoff Investment Management LLC’s investment portfolio, making the stock its 15th biggest position. Sadoff Investment Management LLC’s holdings in Citigroup were worth $31,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Citigroup by 2.1% during the 2nd quarter. FMR LLC now owns 107,588,759 shares of the financial services provider’s stock valued at $7,199,839,000 after purchasing an additional 2,247,392 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Citigroup by 31.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 128,863 shares of the financial services provider’s stock valued at $8,624,000 after purchasing an additional 30,550 shares during the last quarter. Manning & Napier Group LLC lifted its holdings in shares of Citigroup by 2.1% during the 3rd quarter. Manning & Napier Group LLC now owns 56,108 shares of the financial services provider’s stock valued at $4,024,000 after purchasing an additional 1,180 shares during the last quarter. BLB&B Advisors LLC lifted its holdings in shares of Citigroup by 78.8% during the 3rd quarter. BLB&B Advisors LLC now owns 5,581 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 2,460 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Citigroup by 6.2% during the 3rd quarter. Pittenger & Anderson Inc. now owns 65,210 shares of the financial services provider’s stock valued at $4,678,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors own 73.99% of the company’s stock.

Several analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Citigroup to $64.00 and gave the company a “hold” rating in a report on Tuesday, January 15th. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Thursday, November 29th. Morgan Stanley cut their target price on Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Standpoint Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, TheStreet raised Citigroup from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and an average target price of $77.20.

Shares of C opened at $62.01 on Monday. The stock has a market cap of $159.37 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.78 and a beta of 1.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 0.99. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $78.42.

Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.28 EPS. On average, analysts expect that Citigroup Inc will post 7.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 4th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, February 1st. Citigroup’s dividend payout ratio is currently 27.07%.

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Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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