Mesirow Financial Investment Management Inc. Has $1.15 Million Stock Position in Citigroup Inc. (NYSE:C)

Mesirow Financial Investment Management Inc. cut its holdings in shares of Citigroup Inc. (NYSE:C) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,147 shares of the company’s stock after selling 2,586 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Citigroup were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of C. Gryphon Financial Partners LLC grew its stake in shares of Citigroup by 215.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 15,561 shares of the company’s stock worth $800,000 after purchasing an additional 10,632 shares during the period. Financial Advocates Investment Management acquired a new position in shares of Citigroup during the 4th quarter worth about $255,000. ING Groep NV bought a new stake in shares of Citigroup in the 4th quarter valued at about $226,000. Gladstone Institutional Advisory LLC raised its position in shares of Citigroup by 23.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 12,684 shares of the company’s stock valued at $652,000 after acquiring an additional 2,388 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in Citigroup by 73.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 18,750 shares of the company’s stock worth $964,000 after acquiring an additional 7,968 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE C opened at $58.39 on Tuesday. The firm’s 50 day moving average is $61.68 and its 200-day moving average is $61.40. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $111.38 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 0.62 and a beta of 1.45. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $67.81.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period in the previous year, the business earned $1.37 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post 5.81 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Monday, August 5th. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio is presently 62.75%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Evercore ISI upped their price objective on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research report on Wednesday, July 3rd. Royal Bank of Canada lifted their target price on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Keefe, Bruyette & Woods boosted their target price on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. Finally, The Goldman Sachs Group dropped their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

Citigroup Company 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.