NJ State Employees Deferred Compensation Plan Buys 12,000 Shares of Citigroup Inc. (NYSE:C)

NJ State Employees Deferred Compensation Plan lifted its stake in shares of Citigroup Inc. (NYSE:C) by 150.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the company’s stock after purchasing an additional 12,000 shares during the period. NJ State Employees Deferred Compensation Plan’s holdings in Citigroup were worth $1,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Carmel Capital Partners LLC bought a new position in shares of Citigroup during the 3rd quarter valued at about $25,000. Rakuten Securities Inc. bought a new stake in Citigroup in the 4th quarter worth $35,000. GHP Investment Advisors Inc. increased its position in shares of Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. AlphaMark Advisors LLC raised its stake in shares of Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Citigroup during the fourth quarter worth about $39,000. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

C traded up $0.87 during trading on Friday, hitting $62.66. The company’s stock had a trading volume of 15,334,130 shares, compared to its average volume of 16,989,770. 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 has a market capitalization of $120.01 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 0.94 and a beta of 1.52. The business’s fifty day simple moving average is $58.94 and its 200 day simple moving average is $51.77. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same period in the previous year, the business earned $1.86 EPS. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 3.38%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Analyst Upgrades and Downgrades

C has been the topic of a number of recent analyst reports. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. BMO Capital Markets cut Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research note on Wednesday, January 10th. Oppenheimer reduced their target price on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price target on shares of Citigroup in a research report on Monday, April 1st. Finally, StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. One equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

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.