Eagle Bay Advisors LLC Sells 320 Shares of Citigroup Inc. (NYSE:C)

Eagle Bay Advisors LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 19.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,341 shares of the company’s stock after selling 320 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Citigroup were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its stake in Citigroup by 2.3% in the second quarter. American Century Companies Inc. now owns 339,400 shares of the company’s stock worth $21,538,000 after purchasing an additional 7,778 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Citigroup by 82.7% during the 2nd quarter. Parallel Advisors LLC now owns 28,001 shares of the company’s stock worth $1,777,000 after buying an additional 12,671 shares in the last quarter. Wealthspire Advisors LLC increased its stake in shares of Citigroup by 13.0% during the second quarter. Wealthspire Advisors LLC now owns 3,977 shares of the company’s stock valued at $252,000 after buying an additional 457 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Citigroup by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,279,685 shares of the company’s stock valued at $208,129,000 after acquiring an additional 47,754 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in Citigroup by 1.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 73,563 shares of the company’s stock worth $4,668,000 after acquiring an additional 985 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 2.2 %

Shares of NYSE:C opened at $72.94 on Tuesday. The firm has a market capitalization of $137.95 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 1 year low of $50.51 and a 1 year high of $74.29. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50-day moving average is $70.40 and its two-hundred day moving average is $65.15.

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

Citigroup Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on C. Wells Fargo & Company boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Bank of America lifted their target price on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.13.

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.