Los Angeles Capital Management LLC Has $598,000 Holdings in Citigroup Inc. (NYSE:C)

Los Angeles Capital Management LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 99.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,560 shares of the company’s stock after selling 1,722,619 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Citigroup were worth $598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of C. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the second quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in Citigroup during the 3rd quarter worth about $28,000. Beacon Capital Management LLC grew its position in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup during the second quarter worth about $31,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Citigroup in the second quarter worth approximately $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on C. Barclays raised their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group dropped their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday. Evercore ISI boosted their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley decreased their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Price Performance

C stock opened at $68.76 on Friday. The company has a market capitalization of $130.04 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a 52-week low of $44.32 and a 52-week high of $70.20. The business has a 50-day simple moving average of $63.21 and a two-hundred day simple moving average of $62.60. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. Citigroup’s revenue was up .9% compared to the same quarter last year. Research analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is currently 64.93%.

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.