Citigroup Inc. (NYSE:C) Shares Sold by Foundry Partners LLC

Foundry Partners LLC cut its holdings in shares of Citigroup Inc. (NYSE:C) by 0.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 711,426 shares of the company’s stock after selling 3,438 shares during the period. Citigroup comprises approximately 2.2% of Foundry Partners LLC’s holdings, making the stock its 2nd largest holding. Foundry Partners LLC’s holdings in Citigroup were worth $44,535,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of C. POM Investment Strategies LLC bought a new position in Citigroup during the second quarter worth about $25,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the third quarter worth approximately $28,000. Beacon Capital Management LLC raised its holdings in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup in the second quarter valued at about $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America raised their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. 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 report on Wednesday, October 16th. Barclays raised their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Price Performance

Shares of NYSE C opened at $68.28 on Thursday. The firm has a market cap of $129.14 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The stock has a fifty day simple moving average of $63.84 and a two-hundred day simple moving average of $62.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 1-year low of $44.56 and a 1-year high of $70.20.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. Analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) 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.