Waldron Private Wealth LLC Trims Stake in Citigroup Inc. (NYSE:C)

Waldron Private Wealth LLC lowered its stake in Citigroup Inc. (NYSE:C) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,685 shares of the company’s stock after selling 828 shares during the quarter. Waldron Private Wealth LLC’s holdings in Citigroup were worth $395,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Snider Financial Group lifted its stake in shares of Citigroup by 96,645.9% during the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after purchasing an additional 84,407,589 shares during the period. Norges Bank acquired a new stake in shares of Citigroup during the 4th quarter worth $631,922,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Citigroup by 87,332.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock worth $339,738,000 after buying an additional 7,502,751 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Citigroup during the 4th quarter worth $2,109,120,000. Finally, Greenhaven Associates Inc. increased its holdings in shares of Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after buying an additional 2,948,512 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on C. Daiwa Capital Markets upgraded Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Monday, December 18th. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Jefferies Financial Group increased their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research note on Wednesday, January 10th. Finally, Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and raised their price target for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Trading Down 1.9 %

Shares of NYSE:C opened at $58.56 on Tuesday. The firm has a market capitalization of $112.15 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The firm has a fifty day moving average of $57.99 and a two-hundred day moving average of $50.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. On average, equities analysts expect that Citigroup Inc. will post 5.73 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.62%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

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.