CFS Investment Advisory Services LLC Sells 18,459 Shares of Citigroup Inc. (NYSE:C)

CFS Investment Advisory Services LLC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 48.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,927 shares of the company’s stock after selling 18,459 shares during the period. CFS Investment Advisory Services LLC’s holdings in Citigroup were worth $1,247,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. POM Investment Strategies LLC acquired a new position in Citigroup in the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the third quarter valued at about $28,000. Beacon Capital Management LLC grew its stake in shares of 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 in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Citigroup during the second quarter worth about $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America raised their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley cut their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Barclays raised their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Stock Performance

Shares of Citigroup stock opened at $69.84 on Friday. The company’s 50 day moving average price is $64.32 and its two-hundred day moving average price is $62.84. The firm has a market capitalization of $132.09 billion, a P/E ratio of 20.24, a P/E/G ratio of 0.77 and a beta of 1.44. 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 fifty-two week low of $44.56 and a fifty-two week high of $70.20.

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

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.21%. Citigroup’s dividend payout ratio (DPR) is presently 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.