GLOBALT Investments LLC GA Sells 1,293 Shares of Citigroup Inc. (NYSE:C)

GLOBALT Investments LLC GA decreased its stake in shares of Citigroup Inc. (NYSE:C) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,261 shares of the company’s stock after selling 1,293 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Citigroup were worth $4,586,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. POM Investment Strategies LLC bought a new stake in shares of Citigroup in the second quarter worth about $25,000. Northwest Investment Counselors LLC bought a new stake in Citigroup in the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC raised its holdings 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 acquiring an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup during the 2nd quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Citigroup in the second quarter valued at $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 0.9 %

NYSE C opened at $68.76 on Monday. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20. The company has a market cap of $130.04 billion, a P/E ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44. 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 business has a fifty day moving average price of $63.21 and a 200 day moving average price of $62.61.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion for 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 firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 earnings per share. Research analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed 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 64.93%.

Analysts Set New Price Targets

Several research firms have commented on C. Morgan Stanley lowered 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. Bank of America lifted their target price on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer boosted 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, Evercore ISI raised their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.00.

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.