Citigroup Inc. (NYSE:C) Stock Position Lowered by Claro Advisors LLC

Claro Advisors LLC decreased its stake in Citigroup Inc. (NYSE:C) by 31.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,558 shares of the company’s stock after selling 4,001 shares during the quarter. Claro Advisors LLC’s holdings in Citigroup were worth $602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new position in shares of Citigroup during the 3rd quarter valued at $31,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup during the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. raised its holdings in shares of Citigroup by 184.0% during the 3rd 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. raised its holdings in shares of Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on C shares. The Goldman Sachs Group raised their price target on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Oppenheimer cut their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Bank of America raised their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley lowered their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $80.13.

Citigroup Price Performance

Shares of Citigroup stock opened at $72.94 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s 50-day simple moving average is $70.40 and its 200-day simple moving average is $65.15. Citigroup Inc. has a twelve month low of $50.51 and a twelve month high of $74.29. The firm has a market cap of $137.95 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the business earned $1.52 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, research analysts expect that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.07%. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

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.