Watts Gwilliam & Co. LLC Sells 234 Shares of Citigroup Inc. (NYSE:C)

Watts Gwilliam & Co. LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 3.1% in the 4th quarter, HoldingsChannel reports. The fund owned 7,335 shares of the company’s stock after selling 234 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Citigroup were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of C. Legacy Investment Solutions LLC acquired a new position in Citigroup during the 3rd quarter valued at about $31,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the second quarter valued at approximately $31,000. GHP Investment Advisors Inc. grew its holdings in Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after buying an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in Citigroup by 69.3% during the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after buying an additional 260 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on C shares. Truist Financial began coverage on shares of Citigroup in a report on Tuesday. They set a “buy” rating and a $85.00 price objective on the stock. Oppenheimer dropped their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Bank of America upped their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group lifted their target price on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

Citigroup Stock Down 0.6 %

C stock opened at $73.23 on Friday. The stock has a fifty day moving average of $70.03 and a 200-day moving average of $64.95. Citigroup Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $74.29. The company has a market capitalization of $138.50 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last issued 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 firm had revenue of $20.32 billion during 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 company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $1.52 earnings per share. As a group, equities research analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.06%. Citigroup’s dividend payout ratio is 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.