Citigroup Inc. (NYSE:C) Holdings Cut by Concord Wealth Partners

Concord Wealth Partners lowered its holdings in Citigroup Inc. (NYSE:C) by 65.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,848 shares of the company’s stock after selling 18,916 shares during the period. Concord Wealth Partners’ holdings in Citigroup were worth $507,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of C. Massachusetts Wealth Management raised its position in shares of Citigroup by 0.5% during the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after buying an additional 192 shares during the last quarter. Founders Capital Management raised its position in shares of Citigroup by 12.5% during the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock valued at $93,000 after buying an additional 200 shares during the last quarter. Cowa LLC raised its position in shares of Citigroup by 3.1% during the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock valued at $340,000 after buying an additional 200 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Citigroup by 0.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock valued at $1,267,000 after buying an additional 200 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of Citigroup by 5.6% during the fourth quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock valued at $198,000 after buying an additional 205 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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. Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. Evercore ISI increased their price target on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Finally, HSBC upped their price objective on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $62.85.

Citigroup Trading Up 0.0 %

Shares of NYSE C opened at $61.35 on Thursday. The company’s 50 day simple moving average is $59.48 and its 200 day simple moving average is $52.41. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The firm has a market capitalization of $117.50 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.86 earnings per share. On average, analysts predict that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The business 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 dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.46%. Citigroup’s payout ratio is 62.72%.

Citigroup 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.