Valeo Financial Advisors LLC Sells 5,578 Shares of Citigroup Inc. (NYSE:C)

Valeo Financial Advisors LLC cut its holdings in Citigroup Inc. (NYSE:CFree Report) by 8.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 61,368 shares of the company’s stock after selling 5,578 shares during the period. Valeo Financial Advisors LLC’s holdings in Citigroup were worth $2,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SkyView Investment Advisors LLC acquired a new position in Citigroup in the first quarter valued at approximately $28,000. Union Savings Bank bought a new stake in shares of Citigroup in the 2nd quarter valued at $30,000. GHP Investment Advisors Inc. lifted its position in shares of Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. Janiczek Wealth Management LLC lifted its position in shares of Citigroup by 115.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock valued at $33,000 after acquiring an additional 429 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Citigroup by 40.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 867 shares of the company’s stock worth $40,000 after acquiring an additional 249 shares in the last quarter. 69.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Andrew John Morton sold 28,096 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $40.66, for a total transaction of $1,142,383.36. Following the completion of the sale, the insider now directly owns 410,060 shares of the company’s stock, valued at approximately $16,673,039.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on C. Royal Bank of Canada dropped their price objective on shares of Citigroup from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, September 20th. Oppenheimer upped their price target on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Daiwa Capital Markets raised Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Monday, December 18th. BMO Capital Markets boosted their price objective on Citigroup from $61.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Finally, Piper Sandler cut their target price on Citigroup from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $52.62.

Read Our Latest Stock Report on C

Citigroup Stock Down 0.3 %

Shares of NYSE C traded down $0.14 during trading on Friday, hitting $51.38. The stock had a trading volume of 5,422,400 shares, compared to its average volume of 17,585,738. The firm has a fifty day moving average of $45.27 and a two-hundred day moving average of $44.42. The company has a market capitalization of $98.34 billion, a PE ratio of 8.13, a PEG ratio of 1.66 and a beta of 1.58. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $53.23.

Citigroup (NYSE:CGet Free Report) last issued its quarterly earnings data on Friday, October 13th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.29. Citigroup had a net margin of 9.22% and a return on equity of 6.76%. The business had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $19.27 billion. During the same period in the prior year, the firm posted $1.50 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that Citigroup Inc. will post 5.74 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a dividend of $0.53 per share. The ex-dividend date was Friday, November 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 4.13%. Citigroup’s dividend payout ratio (DPR) is currently 33.60%.

Citigroup Profile

(Free Report)

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. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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