1900 Wealth Management LLC Sells 2,263 Shares of Citigroup Inc. (NYSE:C)

1900 Wealth Management LLC reduced its holdings in Citigroup Inc. (NYSE:C) by 20.4% in the fourth quarter, HoldingsChannel reports. The firm owned 8,807 shares of the company’s stock after selling 2,263 shares during the period. 1900 Wealth Management LLC’s holdings in Citigroup were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in C. Carmel Capital Partners LLC purchased a new position in Citigroup in the third quarter worth $25,000. Rakuten Securities Inc. purchased a new position in shares of Citigroup during the 4th quarter valued at $35,000. GHP Investment Advisors Inc. lifted its position in shares of Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after buying an additional 290 shares during the last quarter. AlphaMark Advisors LLC lifted its position in shares of Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 300 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Citigroup during the 4th quarter valued at $39,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 2.2 %

Shares of Citigroup stock traded up $1.36 on Tuesday, reaching $62.31. The company’s stock had a trading volume of 5,265,933 shares, compared to its average volume of 17,015,881. The company has a market capitalization of $119.34 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 0.89 and a beta of 1.52. The firm’s fifty day simple moving average is $58.44 and its two-hundred day simple moving average is $51.47. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. 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 (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the company earned $1.86 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed 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. This represents a $2.12 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is currently 62.72%.

Analysts Set New Price Targets

A number of analysts recently issued reports on C shares. BMO Capital Markets cut Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a report on Wednesday, January 10th. Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Wednesday, January 3rd. HSBC raised their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Oppenheimer reduced their price target on Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

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.