Romano Brothers AND Company Has $2.24 Million Holdings in Citigroup Inc. (NYSE:C)

Romano Brothers AND Company decreased its stake in Citigroup Inc. (NYSE:C) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,645 shares of the company’s stock after selling 524 shares during the quarter. Romano Brothers AND Company’s holdings in Citigroup were worth $2,240,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. WNY Asset Management LLC grew its holdings in Citigroup by 2.7% during the first quarter. WNY Asset Management LLC now owns 8,450 shares of the company’s stock valued at $396,000 after purchasing an additional 225 shares during the period. X Square Capital LLC lifted its position in shares of Citigroup by 3.8% during the first quarter. X Square Capital LLC now owns 6,186 shares of the company’s stock worth $290,000 after acquiring an additional 226 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Citigroup by 1.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 23,750 shares of the company’s stock worth $1,074,000 after acquiring an additional 227 shares in the last quarter. Telemus Capital LLC lifted its position in shares of Citigroup by 5.0% during the first quarter. Telemus Capital LLC now owns 4,888 shares of the company’s stock worth $229,000 after acquiring an additional 231 shares in the last quarter. Finally, Quent Capital LLC raised its position in shares of Citigroup by 3.9% in the second quarter. Quent Capital LLC now owns 6,170 shares of the company’s stock worth $284,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.

Citigroup Stock Down 0.2 %

C traded down $0.10 during trading hours on Tuesday, hitting $42.54. 3,608,182 shares of the company’s stock were exchanged, compared to its average volume of 17,381,777. Citigroup Inc. has a 12-month low of $40.01 and a 12-month high of $53.23. The firm has a 50 day moving average of $44.09 and a 200 day moving average of $45.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.45. The firm has a market cap of $82.81 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.68 and a beta of 1.57.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 14th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The firm had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Citigroup had a net margin of 10.24% and a return on equity of 6.80%. Citigroup’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. Analysts predict that Citigroup Inc. will post 5.73 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 7th were paid a $0.53 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, August 4th. This represents a $2.12 annualized dividend and a dividend yield of 4.98%. Citigroup’s dividend payout ratio (DPR) is 33.60%.

Analysts Set New Price Targets

C has been the topic of a number of research analyst reports. Credit Suisse Group reduced their target price on Citigroup from $54.00 to $50.00 in a research note on Wednesday, May 24th. Keefe, Bruyette & Woods lowered their price objective on shares of Citigroup from $50.00 to $48.00 in a report on Thursday, May 25th. Morgan Stanley restated an “underweight” rating and issued a $45.00 price objective on shares of Citigroup in a report on Tuesday, July 18th. Wells Fargo & Company lowered their price objective on shares of Citigroup from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Finally, Odeon Capital Group upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $50.51 target price for the company in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has an average rating of “Hold” and a consensus price target of $53.00.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.