Waldron Private Wealth LLC Sells 828 Shares of Citigroup Inc. (NYSE:C)

Waldron Private Wealth LLC cut its position in shares of Citigroup Inc. (NYSE:C) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,685 shares of the company’s stock after selling 828 shares during the period. Waldron Private Wealth LLC’s holdings in Citigroup were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of C. Carmel Capital Partners LLC purchased a new position in shares of Citigroup in the 3rd quarter valued at $25,000. GHP Investment Advisors Inc. grew its stake in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in Citigroup during the 1st quarter worth $28,000. AlphaMark Advisors LLC grew its stake in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its stake in Citigroup by 115.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock worth $33,000 after buying an additional 429 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

C stock opened at $58.56 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $57.99 and a 200-day simple moving average of $50.81. The firm has a market capitalization of $112.15 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 earnings per share. Equities research analysts anticipate that Citigroup Inc. will post 5.73 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.62%. Citigroup’s payout ratio is 62.72%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on C. Keefe, Bruyette & Woods boosted their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Evercore ISI boosted their price target on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Wednesday, January 3rd. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Barclays boosted their price target on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.91.

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.