Citigroup Inc. (NYSE:C) Stock Position Cut by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 39.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,612,100 shares of the company’s stock after selling 2,368,600 shares during the quarter. Two Sigma Advisers LP owned about 0.19% of Citigroup worth $226,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. POM Investment Strategies LLC acquired a new stake in shares of Citigroup in the second quarter valued at $25,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $31,000. Triad Wealth Partners LLC acquired a new stake in Citigroup during the second quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC grew its position in Citigroup by 1,139.7% in the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock worth $33,000 after buying an additional 48,484 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of Citigroup stock opened at $72.23 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $136.61 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. The firm has a fifty day moving average price of $65.89 and a two-hundred day moving average price of $63.25. Citigroup Inc. has a fifty-two week low of $47.71 and a fifty-two week high of $72.85.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating 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 firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.10%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on C shares. Keefe, Bruyette & Woods upgraded Citigroup from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $82.00 in a report on Tuesday. Barclays raised their price objective on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Morgan Stanley cut their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.