Prospera Financial Services Inc Has $4.15 Million Position in Citigroup Inc. (NYSE:C)

Prospera Financial Services Inc decreased its holdings in Citigroup Inc. (NYSE:C) by 33.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,351 shares of the company’s stock after selling 32,841 shares during the quarter. Prospera Financial Services Inc’s holdings in Citigroup were worth $4,154,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. POM Investment Strategies LLC bought a new position in Citigroup during the second quarter worth about $25,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC grew its position in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup during the second quarter worth $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at $32,000. 71.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on C shares. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company raised their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Bank of America increased their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays boosted their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Trading Down 0.6 %

NYSE:C opened at $68.62 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day simple moving average is $63.62 and its 200-day simple moving average is $62.71. Citigroup Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $70.20. The stock has a market capitalization of $129.78 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating 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 firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Citigroup Company 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.