Tradition Wealth Management LLC Sells 1,384 Shares of Citigroup Inc. (NYSE:C)

Tradition Wealth Management LLC cut its position in Citigroup Inc. (NYSE:CFree Report) by 58.1% in the 4th quarter, reports. The firm owned 999 shares of the company’s stock after selling 1,384 shares during the period. Tradition Wealth Management LLC’s holdings in Citigroup were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC increased its stake in Citigroup by 19.6% during the 3rd quarter. Merit Financial Group LLC now owns 9,842 shares of the company’s stock worth $405,000 after acquiring an additional 1,615 shares during the period. Kingsview Wealth Management LLC increased its position in shares of Citigroup by 8.5% in the third quarter. Kingsview Wealth Management LLC now owns 19,455 shares of the company’s stock worth $800,000 after purchasing an additional 1,519 shares during the period. Keybank National Association OH raised its stake in Citigroup by 20.2% in the third quarter. Keybank National Association OH now owns 22,118 shares of the company’s stock valued at $910,000 after purchasing an additional 3,717 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in Citigroup by 8.6% during the third quarter. Kestra Private Wealth Services LLC now owns 65,568 shares of the company’s stock worth $2,697,000 after purchasing an additional 5,184 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new stake in Citigroup during the third quarter worth about $206,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Oppenheimer dropped their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, April 30th. Evercore ISI upped their target price on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. 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. Finally, raised Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.66.

Read Our Latest Report on Citigroup

Citigroup Trading Up 0.6 %

NYSE C traded up $0.38 on Friday, reaching $62.31. The company had a trading volume of 17,351,604 shares, compared to its average volume of 9,423,457. The firm has a market cap of $118.85 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 0.94 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $64.98. The business has a 50 day moving average of $62.01 and a two-hundred day moving average of $55.86.

Citigroup (NYSE:CGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts forecast that Citigroup Inc. will post 5.96 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.40%. Citigroup’s payout ratio is 62.72%.

About Citigroup

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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