Citigroup Inc. (NYSE:C) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its stake in shares of Citigroup Inc. (NYSE:C) by 61.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,531 shares of the company’s stock after selling 11,795 shares during the period. Sigma Planning Corp’s holdings in Citigroup were worth $387,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Citigroup in the 3rd quarter worth about $209,000. Simplicity Solutions LLC lifted its position in shares of Citigroup by 17.6% in the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after buying an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Citigroup by 56.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after buying an additional 449,310 shares during the last quarter. GFS Advisors LLC bought a new position in shares of Citigroup in the 4th quarter worth about $2,003,000. Finally, Sound Income Strategies LLC lifted its position in shares of Citigroup by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after buying an additional 21,440 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Up 1.4 %

NYSE C opened at $62.64 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $59.09 and its 200 day simple moving average is $51.92. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The company has a market capitalization of $119.97 billion, a P/E ratio of 18.53, a PEG ratio of 0.94 and a beta of 1.52.

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

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.38%. Citigroup’s dividend payout ratio is currently 62.72%.

Analyst Ratings Changes

A number of research firms have recently issued reports on C. HSBC raised their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research note on Wednesday, January 10th. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. Jefferies Financial Group boosted their target price on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $62.91.

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.