KMG Fiduciary Partners LLC Sells 430 Shares of Citigroup Inc. (NYSE:C)

KMG Fiduciary Partners LLC decreased its stake in Citigroup Inc. (NYSE:C) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,372 shares of the company’s stock after selling 430 shares during the period. KMG Fiduciary Partners LLC’s holdings in Citigroup were worth $2,842,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management increased its holdings in shares of Citigroup by 340.6% in the 4th quarter. Brookstone Capital Management now owns 36,034 shares of the company’s stock worth $2,536,000 after buying an additional 27,856 shares during the last quarter. Inspire Trust Co. N.A. grew its holdings in shares of Citigroup by 34.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock valued at $4,852,000 after purchasing an additional 20,000 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Citigroup by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock valued at $22,236,000 after purchasing an additional 8,301 shares during the last quarter. KBC Group NV grew its holdings in shares of Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after purchasing an additional 20,291 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in shares of Citigroup by 8.6% during the 3rd quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock valued at $21,210,000 after purchasing an additional 26,882 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on C shares. Bank of America increased their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $70.00 to $95.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI increased their price target on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday. Finally, Oppenheimer dropped their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

Citigroup Stock Up 0.3 %

NYSE:C opened at $78.51 on Friday. The firm has a market cap of $148.47 billion, a P/E ratio of 22.76, a P/E/G ratio of 0.59 and a beta of 1.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $79.25. The firm has a 50-day simple moving average of $70.99 and a two-hundred day simple moving average of $65.41.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. The business had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. Analysts predict that Citigroup Inc. will post 5.88 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has approved a share repurchase program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 2.85%. Citigroup’s dividend payout ratio is currently 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.