Triangle Securities Wealth Management Has $905,000 Stake in Citigroup Inc. (NYSE:C)

Triangle Securities Wealth Management cut its holdings in Citigroup Inc. (NYSE:C) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,864 shares of the company’s stock after selling 399 shares during the quarter. Triangle Securities Wealth Management’s holdings in Citigroup were worth $905,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new stake in shares of Citigroup in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new position in Citigroup during the 2nd quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the 3rd quarter valued at about $31,000. GHP Investment Advisors Inc. lifted its holdings in shares of Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after purchasing an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Citigroup by 69.3% during the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $80.05 on Friday. The company has a market capitalization of $151.40 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 0.59 and a beta of 1.43. 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 twelve month low of $50.51 and a twelve month high of $80.45. The stock has a fifty day simple moving average of $71.22 and a 200 day simple moving average of $65.52.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. The firm had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. Sell-side analysts expect that Citigroup Inc. will post 5.88 EPS for the current year.

Citigroup announced that its board has approved a share repurchase program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 2.80%. Citigroup’s payout ratio is currently 64.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on C shares. Bank of America increased their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer cut their price objective on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Morgan Stanley upped their price target on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods increased their price objective on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price objective on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

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.