OneDigital Investment Advisors LLC Sells 3,390 Shares of Citigroup Inc. (NYSE:C)

OneDigital Investment Advisors LLC decreased its stake in Citigroup Inc. (NYSE:C) by 11.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,344 shares of the company’s stock after selling 3,390 shares during the period. OneDigital Investment Advisors LLC’s holdings in Citigroup were worth $1,712,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. Edgestream Partners L.P. increased its holdings in Citigroup by 55.4% in the 1st quarter. Edgestream Partners L.P. now owns 42,941 shares of the company’s stock worth $2,716,000 after acquiring an additional 15,312 shares during the last quarter. Bahl & Gaynor Inc. bought a new stake in shares of Citigroup in the first quarter valued at approximately $227,000. Rockport Wealth LLC purchased a new stake in shares of Citigroup during the 1st quarter valued at approximately $316,000. Clearbridge Investments LLC bought a new position in Citigroup in the 1st quarter worth approximately $1,447,000. Finally, Bessemer Group Inc. grew its stake in Citigroup by 28.7% in the 1st quarter. Bessemer Group Inc. now owns 97,307 shares of the company’s stock valued at $6,154,000 after buying an additional 21,684 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on C shares. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer upped their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Bank of America raised their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Trading Up 0.9 %

Shares of C stock opened at $68.76 on Monday. The business has a 50-day moving average price of $63.21 and a two-hundred day moving average price of $62.61. Citigroup Inc. has a 12-month low of $44.32 and a 12-month high of $70.20. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market cap of $130.04 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Equities analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is presently 64.93%.

Citigroup 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.