Oliver Luxxe Assets LLC Has $8.14 Million Position in Citigroup Inc. (NYSE:C)

Oliver Luxxe Assets LLC decreased its stake in Citigroup Inc. (NYSE:C) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,648 shares of the company’s stock after selling 1,019 shares during the period. Citigroup comprises about 1.4% of Oliver Luxxe Assets LLC’s holdings, making the stock its 12th largest holding. Oliver Luxxe Assets LLC’s holdings in Citigroup were worth $8,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Inspire Trust Co. N.A. raised its stake in shares of Citigroup by 34.8% during the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock valued at $4,852,000 after acquiring an additional 20,000 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Citigroup by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock worth $22,236,000 after buying an additional 8,301 shares during the period. KBC Group NV lifted its holdings in Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock worth $71,270,000 after buying an additional 20,291 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock valued at $24,710,000 after buying an additional 18,278 shares during the period. Finally, TCW Group Inc. raised its position in shares of Citigroup by 8.6% during the third quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock worth $21,210,000 after acquiring an additional 26,882 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE C traded up $1.74 on Monday, hitting $72.74. The stock had a trading volume of 14,823,702 shares, compared to its average volume of 11,794,440. The firm has a 50-day moving average of $69.33 and a 200-day moving average of $64.65. The company has a market capitalization of $137.57 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 52-week low of $50.51 and a 52-week high of $73.99.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $1.52 earnings per share. Equities analysts expect that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analyst Weigh In

C has been the subject of a number of recent analyst reports. Oppenheimer decreased their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Bank of America lifted their target price on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Evercore ISI boosted their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.43.

About Citigroup

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.