Global Wealth Management Investment Advisory Inc. decreased its position in shares of Citigroup Inc. (NYSE:C – Free Report) by 97.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,167 shares of the company’s stock after selling 49,822 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Citigroup were worth $60,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in C. Carmel Capital Partners LLC purchased a new position in shares of Citigroup during the third quarter valued at about $25,000. AlphaMark Advisors LLC grew its position in Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares in the last quarter. OFI Invest Asset Management purchased a new position in Citigroup in the third quarter worth about $35,000. Rakuten Securities Inc. purchased a new position in Citigroup in the fourth quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Citigroup in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.
Citigroup Stock Up 0.0 %
Shares of NYSE:C opened at $61.35 on Thursday. The company has a market cap of $117.50 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.92 and a beta of 1.49. The firm’s 50-day simple moving average is $59.48 and its 200-day simple moving average is $52.41. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90.
Citigroup Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.46%. Citigroup’s payout ratio is 62.72%.
Analyst Ratings Changes
C has been the subject of several analyst reports. Oppenheimer decreased their price objective on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday. HSBC raised their price objective on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research note on Wednesday, January 10th. Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research note on Wednesday, January 3rd. Finally, StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $62.85.
Read Our Latest Research Report on C
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.
Further Reading
- Five stocks we like better than Citigroup
- Why Invest in 5G? How to Invest in 5G Stocks
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- P/E Ratio Calculation: How to Assess Stocks
- Zillow’s Earnings Dip: An Opportunity for Visionaries
- 10 Best Airline Stocks to Buy
- How to Use Put Credit Spreads to Catch Falling Knives More Safely
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.