Certified Advisory Corp Cuts Stake in Citigroup Inc. (NYSE:C)

Certified Advisory Corp trimmed its stake in Citigroup Inc. (NYSE:C) by 4.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,818 shares of the company’s stock after selling 290 shares during the quarter. Certified Advisory Corp’s holdings in Citigroup were worth $427,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of C. Swedbank AB purchased a new position in shares of Citigroup in the 1st quarter worth about $253,286,000. Acadian Asset Management LLC lifted its position in Citigroup by 527.5% during the second quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after buying an additional 2,100,135 shares in the last quarter. Caxton Associates LP grew its stake in Citigroup by 7,393.3% during the first quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after buying an additional 1,988,494 shares during the period. Legal & General Group Plc increased its position in shares of Citigroup by 5.5% in the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after acquiring an additional 913,231 shares in the last quarter. Finally, Rokos Capital Management LLP purchased a new position in shares of Citigroup in the 1st quarter valued at $45,100,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on C. Evercore ISI raised their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Bank of America boosted their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Barclays upped their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Stock Performance

Shares of C opened at $69.84 on Friday. The stock has a market capitalization of $132.09 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The business’s fifty day moving average price is $64.32 and its 200 day moving average price is $62.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 12-month low of $44.56 and a 12-month high of $70.20.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same period last year, the firm posted $1.52 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.21%. Citigroup’s 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.