Mizuho Securities USA LLC Sells 23,357 Shares of Citigroup Inc. (NYSE:C)

Mizuho Securities USA LLC reduced its position in shares of Citigroup Inc. (NYSE:C) by 15.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,710 shares of the company’s stock after selling 23,357 shares during the period. Mizuho Securities USA LLC’s holdings in Citigroup were worth $7,744,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. POM Investment Strategies LLC purchased a new position in Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new position in Citigroup in the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC grew its stake in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Citigroup in the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC purchased a new position in Citigroup in the 2nd quarter worth approximately $32,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $68.28 on Thursday. Citigroup Inc. has a one year low of $44.56 and a one year high of $70.20. The company’s 50-day moving average is $63.84 and its 200 day moving average is $62.75. The company has a market capitalization of $129.14 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. 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 (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the prior year, the firm posted $1.52 EPS. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on C shares. Morgan Stanley lowered their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Bank of America boosted their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Evercore ISI boosted their price objective 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. Finally, The Goldman Sachs Group lowered their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.