Barry Investment Advisors LLC Sells 748 Shares of Citigroup Inc. (NYSE:C)

Barry Investment Advisors LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,070 shares of the company’s stock after selling 748 shares during the period. Barry Investment Advisors LLC’s holdings in Citigroup were worth $1,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Tejara Capital Ltd bought a new position in Citigroup during the third quarter valued at about $18,768,000. Tower Research Capital LLC TRC boosted its holdings in Citigroup by 30.7% during the third quarter. Tower Research Capital LLC TRC now owns 65,765 shares of the company’s stock valued at $2,705,000 after purchasing an additional 15,434 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in Citigroup by 5.2% during the third quarter. CWA Asset Management Group LLC now owns 13,915 shares of the company’s stock valued at $572,000 after purchasing an additional 689 shares in the last quarter. Sherbrooke Park Advisers LLC boosted its holdings in Citigroup by 221.0% during the third quarter. Sherbrooke Park Advisers LLC now owns 22,472 shares of the company’s stock valued at $924,000 after purchasing an additional 15,472 shares in the last quarter. Finally, Ancora Advisors LLC boosted its holdings in Citigroup by 52.9% during the third quarter. Ancora Advisors LLC now owns 3,615 shares of the company’s stock valued at $149,000 after purchasing an additional 1,251 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. HSBC boosted their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Evercore ISI boosted their target price on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.03.

Citigroup Stock Up 3.1 %

NYSE C traded up $1.91 on Friday, reaching $63.46. The company had a trading volume of 20,053,213 shares, compared to its average volume of 11,738,575. The firm has a market capitalization of $121.05 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.48. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $64.98. The company’s fifty day moving average is $62.06 and its 200-day moving average is $57.99.

Citigroup (NYSE:C) last posted its quarterly earnings data 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 net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the prior year, the business posted $1.86 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.34%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

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.