Calton & Associates Inc. Has $418,000 Stock Holdings in Citigroup Inc. (NYSE:C)

Calton & Associates Inc. lowered its position in shares of Citigroup Inc. (NYSE:C) by 7.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,616 shares of the company’s stock after selling 523 shares during the quarter. Calton & Associates Inc.’s holdings in Citigroup were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Atlantic Union Bankshares Corp increased its stake in Citigroup by 11.4% during the 1st quarter. Atlantic Union Bankshares Corp now owns 20,909 shares of the company’s stock worth $1,322,000 after acquiring an additional 2,137 shares during the period. Capital Asset Advisory Services LLC increased its position in shares of Citigroup by 8.7% in the first quarter. Capital Asset Advisory Services LLC now owns 48,201 shares of the company’s stock worth $2,969,000 after purchasing an additional 3,844 shares during the period. Buckley Wealth Management LLC acquired a new position in Citigroup in the first quarter valued at about $218,000. Wealth Enhancement Advisory Services LLC lifted its position in Citigroup by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 116,728 shares of the company’s stock worth $7,382,000 after purchasing an additional 4,132 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in Citigroup by 7.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 20,147 shares of the company’s stock worth $1,274,000 after buying an additional 1,449 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 3.2 %

Shares of NYSE:C traded up $1.94 during midday trading on Friday, hitting $63.49. 20,047,948 shares of the company’s stock were exchanged, compared to its average volume of 15,088,492. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $64.98. The stock has a 50 day moving average price of $62.06 and a 200-day moving average price of $57.86. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $121.10 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.94 and a beta of 1.48.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.34%. Citigroup’s payout ratio is 62.72%.

Analyst Upgrades and Downgrades

C has been the subject of a number of research analyst reports. HSBC boosted their price target on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Evercore ISI increased their target price on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Jefferies Financial Group boosted their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $65.03.

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.