Citigroup Inc. (NYSE:C) Shares Sold by AlphaMark Advisors LLC

AlphaMark Advisors LLC cut its position in Citigroup Inc. (NYSE:C) by 34.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 578 shares of the company’s stock after selling 300 shares during the period. AlphaMark Advisors LLC’s holdings in Citigroup were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its holdings in shares of Citigroup by 0.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 688,206 shares of the company’s stock worth $43,674,000 after purchasing an additional 1,754 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in Citigroup by 1,100.8% in the 2nd quarter. SteelPeak Wealth LLC now owns 122,417 shares of the company’s stock valued at $7,769,000 after buying an additional 112,222 shares in the last quarter. AdvisorNet Financial Inc increased its stake in shares of Citigroup by 5.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 8,450 shares of the company’s stock worth $536,000 after acquiring an additional 413 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Citigroup by 13.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares during the period. Finally, PGGM Investments grew its holdings in shares of Citigroup by 5.6% in the second quarter. PGGM Investments now owns 278,757 shares of the company’s stock valued at $17,690,000 after purchasing an additional 14,884 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

NYSE C traded up $1.24 during trading on Thursday, reaching $60.53. The company’s stock had a trading volume of 14,157,771 shares, compared to its average volume of 15,004,483. The business’s fifty day moving average price is $62.26 and its 200-day moving average price is $60.47. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.95 and a current ratio of 0.94. The firm has a market cap of $115.45 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.68 and a beta of 1.46.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. The business had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. As a group, analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 5th will be given a dividend of $0.56 per share. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, August 5th. Citigroup’s payout ratio is presently 62.75%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley raised their target price on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Royal Bank of Canada upped their price objective on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. BMO Capital Markets upped their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Evercore ISI lifted their price objective on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.06.

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.