Citigroup Inc. (NYSE:C) Shares Sold by Archer Investment Corp

Archer Investment Corp lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 27.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 529 shares of the company’s stock after selling 200 shares during the period. Archer Investment Corp’s holdings in Citigroup were worth $33,000 as of its most recent SEC filing.

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

Citigroup Stock Up 0.9 %

Citigroup stock opened at $68.76 on Friday. The firm has a market cap of $130.04 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12 month low of $44.32 and a 12 month high of $70.20. The stock has a fifty day simple moving average of $63.21 and a two-hundred day simple moving average of $62.59.

Citigroup (NYSE:C) last issued its 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. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. Equities analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

C has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday. Barclays upped their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Oppenheimer raised their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Bank of America boosted their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.00.

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.