Citigroup Inc. $C Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in Citigroup Inc. (NYSE:C) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 468,624 shares of the company’s stock after selling 11,243 shares during the quarter. Corient Private Wealth LLC’s holdings in Citigroup were worth $39,889,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of C. Vanguard Group Inc. grew its position in Citigroup by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after buying an additional 1,148,451 shares during the last quarter. Geode Capital Management LLC increased its position in Citigroup by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after purchasing an additional 411,894 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Citigroup by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after acquiring an additional 2,539,769 shares during the last quarter. Franklin Resources Inc. increased its position in Citigroup by 2.2% during the second quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock worth $2,748,571,000 after purchasing an additional 679,967 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Citigroup by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock worth $2,737,583,000 after purchasing an additional 988,152 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on C. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Citigroup in a research note on Wednesday, December 10th. UBS Group reissued a “neutral” rating and set a $108.00 price objective on shares of Citigroup in a research note on Monday, November 24th. Morgan Stanley upped their price target on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Oppenheimer lowered their target price on Citigroup from $123.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.47.

Citigroup Price Performance

C opened at $111.43 on Wednesday. The stock has a market capitalization of $199.37 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.56 and a beta of 1.21. Citigroup Inc. has a one year low of $55.51 and a one year high of $113.52. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50 day simple moving average is $101.78 and its 200-day simple moving average is $95.04.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The firm had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 earnings per share. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s payout ratio is 33.71%.

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.