Brighton Jones LLC Sells 401 Shares of Citigroup Inc. (NYSE:C)

Brighton Jones LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,376 shares of the company’s stock after selling 401 shares during the quarter. Brighton Jones LLC’s holdings in Citigroup were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Carmel Capital Partners LLC bought a new position in shares of Citigroup during the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. bought a new position in shares of Citigroup during the fourth quarter valued at $35,000. AlphaMark Advisors LLC lifted its holdings 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 period. Tennessee Valley Asset Management Partners acquired a new stake in shares of Citigroup in the 4th quarter valued at $39,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Citigroup by 52.5% in the 4th quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock worth $41,000 after purchasing an additional 274 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the subject of several analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group increased their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Societe Generale cut Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a research note on Wednesday, January 10th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Price Performance

Shares of C opened at $61.50 on Friday. 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 stock has a market cap of $117.79 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. The stock’s 50-day moving average price is $59.59 and its two-hundred day moving average price is $52.48. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 EPS. On average, equities analysts predict that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is currently 62.72%.

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.