Consolidated Investment Group LLC Decreases Stake in Citigroup Inc. (NYSE:C)

Consolidated Investment Group LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,767 shares of the company’s stock after selling 6,144 shares during the period. Consolidated Investment Group LLC’s holdings in Citigroup were worth $4,618,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of C. Carmel Capital Partners LLC purchased a new stake in Citigroup during the third quarter worth about $25,000. GHP Investment Advisors Inc. raised its holdings in shares of Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares during the period. SkyView Investment Advisors LLC purchased a new position in Citigroup in the first quarter valued at approximately $28,000. AlphaMark Advisors LLC grew its holdings in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Finally, Union Savings Bank bought a new stake in shares of Citigroup in the second quarter valued at $30,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 0.8 %

Shares of NYSE C opened at $63.24 on Friday. The stock has a market capitalization of $121.12 billion, a P/E ratio of 15.85, a PEG ratio of 1.75 and a beta of 1.50. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.37. The firm’s 50 day simple moving average is $56.30 and its two-hundred day simple moving average is $49.05. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last issued its earnings results on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The business had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $18.71 billion. During the same quarter in the previous year, the business earned $1.10 EPS. Citigroup’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, analysts expect that Citigroup Inc. will post 5.83 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio is 53.13%.

Wall Street Analyst Weigh In

C has been the subject of several recent research reports. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Daiwa Capital Markets upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, December 18th. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research note on Wednesday, January 10th. Piper Sandler upgraded Citigroup from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $56.00 to $63.00 in a research report on Wednesday, February 14th. Finally, Barclays boosted their price objective on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $59.56.

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.