Financial Avengers Inc. lowered its holdings in shares of Citigroup Inc. (NYSE:C – Get Rating) by 12.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,403 shares of the company’s stock after selling 204 shares during the period. Financial Avengers Inc.’s holdings in Citigroup were worth $85,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc bought a new stake in shares of Citigroup during the 3rd quarter valued at about $26,000. Benjamin Edwards Inc. purchased a new stake in Citigroup in the third quarter worth $27,000. IMA Wealth Inc. purchased a new stake in Citigroup in the third quarter worth $28,000. Tower View Investment Management & Research LLC purchased a new position in shares of Citigroup in the third quarter valued at $28,000. Finally, Disciplined Investments LLC bought a new stake in Citigroup during the fourth quarter valued at $26,000. 72.09% of the stock is owned by institutional investors.
C has been the topic of a number of research analyst reports. Morgan Stanley downgraded Citigroup from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $75.00 to $60.00 in a report on Monday, March 28th. Keefe, Bruyette & Woods cut Citigroup from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $81.00 to $64.00 in a report on Thursday, March 3rd. Jefferies Financial Group lowered Citigroup from a “buy” rating to a “hold” rating and cut their price target for the stock from $79.00 to $60.00 in a research note on Monday, March 7th. Atlantic Securities lowered Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Thursday, March 3rd. Finally, StockNews.com initiated coverage on shares of Citigroup in a report on Thursday, March 31st. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.10.
Citigroup (NYSE:C – Get Rating) last posted its quarterly earnings results on Thursday, April 14th. The company reported $2.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.05 by ($0.03). Citigroup had a net margin of 22.95% and a return on equity of 10.96%. The business had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.12 billion. During the same period last year, the firm posted $3.62 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Equities research analysts expect that Citigroup Inc. will post 6.86 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 2nd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, April 29th. Citigroup’s dividend payout ratio is 24.06%.
In other news, insider Sara Wechter sold 14,800 shares of the company’s stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $68.56, for a total value of $1,014,688.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.
Citigroup Profile (Get Rating)
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
- Get a free copy of the StockNews.com research report on Citigroup (C)
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