U.S. Capital Wealth Advisors LLC Cuts Position in Citigroup Inc. (NYSE:C)

U.S. Capital Wealth Advisors LLC lessened its stake in Citigroup Inc. (NYSE:C) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,197 shares of the company’s stock after selling 8,450 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Citigroup were worth $1,399,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Carmel Capital Partners LLC bought a new stake in Citigroup during the 3rd quarter valued at $25,000. Orion Capital Management LLC bought a new stake in Citigroup during the 4th quarter valued at $26,000. AlphaMark Advisors LLC grew its position in shares of Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Citigroup during the 3rd quarter valued at $35,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Citigroup during the 4th quarter valued at $35,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on C shares. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research report on Wednesday, January 10th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and upped their price target for the company from $46.00 to $65.00 in a research report on Tuesday, January 30th. Evercore ISI upped their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, Jefferies Financial Group upped their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.85.

Citigroup Trading Up 0.7 %

Shares of C stock opened at $61.95 on Monday. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm’s 50 day moving average is $59.70 and its 200 day moving average is $52.79. The stock has a market capitalization of $118.65 billion, a P/E ratio of 18.20, a P/E/G ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts expect that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.42%. Citigroup’s payout ratio is 62.72%.

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.