Citigroup Inc. (NYSE:C) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in Citigroup Inc. (NYSE:CFree Report) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 497,614 shares of the company’s stock after selling 1,237 shares during the period. HighTower Advisors LLC’s holdings in Citigroup were worth $20,455,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in C. Carmel Capital Partners LLC acquired a new position in Citigroup in the 3rd quarter valued at about $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 purchasing an additional 290 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of Citigroup in the 1st quarter worth approximately $28,000. AlphaMark Advisors LLC grew its holdings in shares of Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares during the period. Finally, Union Savings Bank acquired a new stake in shares of Citigroup in the 2nd quarter worth approximately $30,000. 69.26% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.6 %

Citigroup stock opened at $53.99 on Monday. The firm’s 50 day moving average price is $52.02 and its two-hundred day moving average price is $45.80. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $57.95. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.94 and a current ratio of 0.95. The firm has a market cap of $103.33 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52.

Citigroup (NYSE:CGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. On average, research analysts predict that Citigroup Inc. will post 5.94 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is presently 53.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on C. Daiwa Capital Markets raised Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, December 18th. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and upped their target price for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. The Goldman Sachs Group upped their target price on Citigroup from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, December 19th. Barclays upped their target price on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.62.

Get Our Latest Stock Analysis on Citigroup

Citigroup Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:CFree Report).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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