Verdence Capital Advisors LLC Sells 1,851 Shares of Citigroup Inc. (NYSE:C)

Verdence Capital Advisors LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,684 shares of the company’s stock after selling 1,851 shares during the period. Verdence Capital Advisors LLC’s holdings in Citigroup were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Carmel Capital Partners LLC bought a new position in shares of Citigroup during the third quarter worth approximately $25,000. GHP Investment Advisors Inc. increased its position in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of Citigroup during the first quarter worth $28,000. AlphaMark Advisors LLC boosted its position in shares of Citigroup by 75.0% in 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 period. Finally, Janiczek Wealth Management LLC grew its stake in shares of Citigroup by 115.0% in the third quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock valued at $33,000 after acquiring an additional 429 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on C shares. Evercore ISI lifted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Jefferies Financial Group boosted their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. Finally, Oppenheimer reduced their target price on Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Trading Up 1.4 %

C opened at $59.14 on Monday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. 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 company has a market cap of $113.27 billion, a P/E ratio of 17.50, a PEG ratio of 0.90 and a beta of 1.52. The company’s 50 day moving average is $58.30 and its 200-day moving average is $51.32.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 EPS. Equities research analysts predict that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.58%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Citigroup Company 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.