Everence Capital Management Inc. Sells 12,900 Shares of Citigroup Inc. (NYSE:C)

Everence Capital Management Inc. lessened its position in Citigroup Inc. (NYSE:C) by 20.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,406 shares of the company’s stock after selling 12,900 shares during the period. Everence Capital Management Inc.’s holdings in Citigroup were worth $3,548,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Citigroup in the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the second quarter worth approximately $31,000. Legacy Investment Solutions LLC purchased a new position in shares of Citigroup during the third quarter valued at approximately $31,000. Strategic Financial Concepts LLC lifted its position in Citigroup by 1,139.7% during the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after purchasing an additional 48,484 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Citigroup stock traded up $0.58 during mid-day trading on Friday, reaching $70.52. 3,868,110 shares of the company’s stock traded hands, compared to its average volume of 6,680,354. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $73.38. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a 50 day moving average of $69.14 and a two-hundred day moving average of $64.53. The company has a market cap of $133.37 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 0.80 and a beta of 1.45.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share 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 company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.18%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on C. Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods increased their target price on Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group boosted their price target on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Oppenheimer cut their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Evercore ISI increased their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned 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 $76.33.

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.