Benjamin F. Edwards & Company Inc. Sells 1,446 Shares of Citigroup Inc. (NYSE:C)

Benjamin F. Edwards & Company Inc. decreased its position in shares of Citigroup Inc. (NYSE:C) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,144 shares of the company’s stock after selling 1,446 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Citigroup were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carmel Capital Partners LLC bought a new position in Citigroup in the 3rd quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in shares of Citigroup during the fourth quarter valued at $26,000. AlphaMark Advisors LLC grew its holdings in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. OFI Invest Asset Management purchased a new position in Citigroup in the 3rd quarter worth about $35,000. Finally, Rakuten Securities Inc. bought a new stake in Citigroup during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $62.00 on Wednesday. The firm has a market capitalization of $118.75 billion, a P/E ratio of 18.34, a PEG ratio of 0.92 and a beta of 1.49. The stock has a 50-day simple moving average of $59.85 and a two-hundred day simple moving average of $52.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping 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 return on equity of 6.17% and a net margin of 4.90%. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. On average, equities analysts forecast that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced 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 3.42%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Analysts Set New Price Targets

Several brokerages have weighed in on C. Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a research note on Monday, April 1st. HSBC raised their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Evercore ISI boosted 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $62.85.

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.