Citigroup Inc. $C Shares Sold by Gradient Investments LLC

Gradient Investments LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 17.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 23,388 shares of the company’s stock after selling 4,806 shares during the period. Gradient Investments LLC’s holdings in Citigroup were worth $2,374,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in C. Keystone Financial Services purchased a new stake in shares of Citigroup in the second quarter worth about $216,000. Brighton Jones LLC lifted its position in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Hayek Kallen Investment Management boosted its holdings in Citigroup by 125.0% in the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after acquiring an additional 8,630 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Citigroup by 3.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock valued at $21,955,000 after acquiring an additional 9,644 shares in the last quarter. Finally, D.B. Root & Company LLC purchased a new stake in shares of Citigroup during the first quarter valued at approximately $203,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on C shares. Wolfe Research restated an “outperform” rating and issued a $121.00 target price on shares of Citigroup in a research note on Wednesday. Oppenheimer lowered their target price on Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. TD Cowen boosted their price target on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Finally, Barclays lifted their price objective on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $113.81.

Citigroup Trading Up 0.1%

NYSE:C opened at $111.42 on Thursday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $113.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a market cap of $199.36 billion, a PE ratio of 15.65, a P/E/G ratio of 0.55 and a beta of 1.21. The business’s 50 day moving average is $102.07 and its two-hundred day moving average is $95.16.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 EPS. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were issued a $0.60 dividend. 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.