Citigroup Inc. (NYSE:C) Stock Position Lessened by Naviter Wealth LLC

Naviter Wealth LLC decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,404 shares of the company’s stock after selling 264 shares during the period. Naviter Wealth LLC’s holdings in Citigroup were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massachusetts Wealth Management grew its holdings in shares of Citigroup by 0.5% during the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after purchasing an additional 192 shares during the last quarter. Founders Capital Management grew its holdings in Citigroup by 12.5% during the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after purchasing an additional 200 shares during the period. Cowa LLC increased its position in Citigroup by 3.1% during the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after buying an additional 200 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of Citigroup by 0.8% in 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 boosted its stake in shares of Citigroup by 5.6% during the 4th quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock worth $198,000 after acquiring an additional 205 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on C. Oppenheimer decreased their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday. Barclays lifted their price target on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Jefferies Financial Group raised their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Wednesday, January 3rd. Finally, HSBC boosted their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Stock Down 0.6 %

Citigroup stock opened at $61.89 on Tuesday. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $118.54 billion, a PE ratio of 18.42, a PEG ratio of 0.94 and a beta of 1.52. The firm’s fifty day moving average is $59.24 and its 200 day moving average is $52.21.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts predict that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.43%. Citigroup’s dividend payout ratio is currently 62.72%.

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.