FourThought Financial LLC lessened its holdings in Citigroup Inc. (NYSE:C – Get Rating) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,164 shares of the company’s stock after selling 233 shares during the period. FourThought Financial LLC’s holdings in Citigroup were worth $174,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. McClarren Financial Advisors Inc. bought a new stake in Citigroup in the 3rd quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Citigroup in the 3rd quarter worth about $28,000. McIlrath & Eck LLC grew its position in Citigroup by 96.6% in the 3rd quarter. McIlrath & Eck LLC now owns 814 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares in the last quarter. Annapolis Financial Services LLC grew its position in Citigroup by 59.0% in the 3rd quarter. Annapolis Financial Services LLC now owns 935 shares of the company’s stock worth $39,000 after purchasing an additional 347 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Citigroup by 82.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 961 shares of the company’s stock worth $51,000 after purchasing an additional 433 shares in the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Oppenheimer upped their price objective on shares of Citigroup from $83.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. Bank of America boosted their target price on shares of Citigroup from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, January 16th. Barclays boosted their target price on shares of Citigroup from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. StockNews.com started coverage on shares of Citigroup in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Piper Sandler boosted their target price on shares of Citigroup from $47.00 to $51.00 in a research note on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $56.47.
Insider Activity at Citigroup
Citigroup Stock Performance
NYSE C opened at $44.25 on Friday. The company’s 50 day moving average is $50.17 and its 200-day moving average is $47.41. Citigroup Inc. has a 12-month low of $40.01 and a 12-month high of $58.25. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.49. The firm has a market cap of $86.01 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 1.59 and a beta of 1.59.
Citigroup (NYSE:C – Get Rating) last posted its quarterly earnings results on Friday, January 13th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.08). Citigroup had a net margin of 14.73% and a return on equity of 8.14%. The business had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.91 billion. Sell-side analysts predict that Citigroup Inc. will post 5.94 earnings per share for the current year.
Citigroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Monday, February 6th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, February 3rd. This represents a $2.04 annualized dividend and a yield of 4.61%. Citigroup’s dividend payout ratio is currently 29.14%.
Citigroup Company Profile
Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.
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