Mount Yale Investment Advisors LLC Sells 19,524 Shares of Citigroup Inc. (NYSE:C)

Mount Yale Investment Advisors LLC lowered its stake in shares of Citigroup Inc. (NYSE:C) by 23.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,980 shares of the company’s stock after selling 19,524 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Citigroup were worth $4,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Investments LLC lifted its stake in Citigroup by 1.7% in the 4th quarter. Parkside Investments LLC now owns 127,189 shares of the company’s stock valued at $8,953,000 after purchasing an additional 2,130 shares during the last quarter. Webster Bank N. A. raised its stake in Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company’s stock valued at $35,000 after buying an additional 300 shares during the period. Pacer Advisors Inc. lifted its position in shares of Citigroup by 88.0% in the fourth quarter. Pacer Advisors Inc. now owns 266,537 shares of the company’s stock valued at $18,762,000 after buying an additional 124,772 shares during the last quarter. Cornerstone Wealth Group LLC lifted its position in shares of Citigroup by 2.9% in the fourth quarter. Cornerstone Wealth Group LLC now owns 57,526 shares of the company’s stock valued at $4,049,000 after buying an additional 1,624 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Citigroup by 27.7% during the 4th quarter. KBC Group NV now owns 1,453,824 shares of the company’s stock worth $102,334,000 after acquiring an additional 315,313 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C opened at $81.41 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 52-week low of $52.24 and a 52-week high of $82.77. The firm has a market cap of $153.96 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. The business’s fifty day moving average is $72.47 and its 200-day moving average is $66.10.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 7.51 EPS for the current fiscal year.

Citigroup announced that its board has authorized a stock repurchase plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, February 3rd. Citigroup’s payout ratio is presently 37.65%.

Analysts Set New Price Targets

C has been the subject of several research reports. Evercore ISI raised their price target on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. Wells Fargo & Company raised their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. The Goldman Sachs Group upped their price target on shares of Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Finally, Morgan Stanley upped their target price on Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

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.