Intelligence Driven Advisers LLC Sells 280 Shares of Citigroup Inc. (NYSE:C)

Intelligence Driven Advisers LLC lessened its stake in Citigroup Inc. (NYSE:C) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,555 shares of the company’s stock after selling 280 shares during the period. Intelligence Driven Advisers LLC’s holdings in Citigroup were worth $348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc grew its position in shares of Citigroup by 12.5% during the 1st quarter. TD Asset Management Inc now owns 1,089,087 shares of the company’s stock worth $68,874,000 after buying an additional 121,432 shares in the last quarter. TBH Global Asset Management LLC bought a new position in Citigroup during the 1st quarter worth about $289,000. Beacon Investment Advisory Services Inc. purchased a new position in Citigroup during the 1st quarter valued at about $271,000. HBK Sorce Advisory LLC raised its holdings in shares of Citigroup by 31.8% in the 1st quarter. HBK Sorce Advisory LLC now owns 9,443 shares of the company’s stock valued at $597,000 after purchasing an additional 2,278 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Citigroup by 0.7% in the 1st quarter. Blair William & Co. IL now owns 146,149 shares of the company’s stock worth $9,242,000 after purchasing an additional 1,074 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on C. Oppenheimer upped their target price on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley dropped their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Bank of America boosted their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Finally, Barclays lifted 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.06.

Citigroup Stock Performance

NYSE C traded up $0.11 on Thursday, reaching $69.00. 773,411 shares of the company’s stock traded hands, compared to its average volume of 14,391,250. Citigroup Inc. has a fifty-two week low of $44.32 and a fifty-two week high of $70.20. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $130.50 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 0.77 and a beta of 1.44. The stock has a 50 day moving average price of $62.87 and a 200-day moving average price of $62.51.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS. Equities research analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

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.