Citigroup Inc. (NYSE:C) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,151 shares of the company’s stock after selling 4,399 shares during the period. Mutual of America Capital Management LLC’s holdings in Citigroup were worth $16,598,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in C. Schear Investment Advisers LLC boosted its stake in shares of Citigroup by 16.6% in the third quarter. Schear Investment Advisers LLC now owns 31,218 shares of the company’s stock worth $1,954,000 after buying an additional 4,443 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Citigroup by 2.6% in the third quarter. Natixis Advisors LLC now owns 1,585,941 shares of the company’s stock valued at $99,280,000 after acquiring an additional 39,784 shares during the period. Seelaus Asset Management LLC lifted its holdings in Citigroup by 18.2% in the third quarter. Seelaus Asset Management LLC now owns 8,096 shares of the company’s stock valued at $507,000 after acquiring an additional 1,245 shares during the period. Empowered Funds LLC boosted its position in Citigroup by 9.7% in the 3rd quarter. Empowered Funds LLC now owns 41,171 shares of the company’s stock worth $2,577,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in shares of Citigroup by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 67,354 shares of the company’s stock worth $4,216,000 after purchasing an additional 1,384 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Bank of America increased their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Oppenheimer increased their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group cut their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Wells Fargo & Company raised their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday. Finally, Morgan Stanley cut their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Stock Performance

NYSE:C opened at $68.76 on Friday. Citigroup Inc. has a twelve month low of $44.32 and a twelve month 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 current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The company’s 50-day moving average price is $63.21 and its 200-day moving average price is $62.60.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. On average, sell-side analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed 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 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 dividend payout ratio is currently 64.93%.

Citigroup Company 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.