Asset Allocation Strategies LLC Lowers Holdings in Citigroup Inc. (NYSE:C)

Asset Allocation Strategies LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,916 shares of the company’s stock after selling 180 shares during the quarter. Asset Allocation Strategies LLC’s holdings in Citigroup were worth $245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of C. POM Investment Strategies LLC purchased a new stake in shares of Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in Citigroup during the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the 2nd quarter worth $31,000. Legacy Investment Solutions LLC bought a new position in shares of Citigroup during the third quarter valued at $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Citigroup during the second quarter valued at $32,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 0.9 %

C opened at $72.52 on Wednesday. The company has a market capitalization of $137.15 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. The firm has a 50-day simple moving average of $66.71 and a two-hundred day simple moving average of $63.48. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 52 week low of $47.71 and a 52 week high of $73.38.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Oppenheimer raised their target price 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 lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley cut their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.63.

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.