Steph & Co. Sells 330 Shares of Citigroup Inc. (NYSE:C)

Steph & Co. reduced its stake in shares of Citigroup Inc. (NYSE:CFree Report) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,575 shares of the company’s stock after selling 330 shares during the period. Steph & Co.’s holdings in Citigroup were worth $744,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Citigroup by 2.3% in the second quarter. American Century Companies Inc. now owns 339,400 shares of the company’s stock valued at $21,538,000 after purchasing an additional 7,778 shares during the last quarter. Wealthspire Advisors LLC increased its stake in Citigroup by 13.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 3,977 shares of the company’s stock valued at $252,000 after buying an additional 457 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Citigroup by 116.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 10,622 shares of the company’s stock valued at $674,000 after buying an additional 5,724 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Citigroup by 36.3% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 11,759 shares of the company’s stock worth $746,000 after buying an additional 3,131 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in shares of Citigroup by 17.1% in the 2nd quarter. Moors & Cabot Inc. now owns 17,347 shares of the company’s stock worth $1,101,000 after buying an additional 2,539 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

NYSE:C opened at $78.48 on Thursday. The business’s fifty day moving average is $70.60 and its 200 day moving average is $65.22. The firm has a market cap of $148.43 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 0.59 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 Inc. has a 52-week low of $50.51 and a 52-week high of $79.25.

Citigroup (NYSE:CGet Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 5.88 EPS for the current year.

Citigroup announced that its board has initiated a stock buyback plan on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to buy up to 13.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s dividend payout ratio is presently 64.93%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America increased their price target on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Oppenheimer dropped their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.13.

Read Our Latest Research Report on C

Citigroup Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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