Integrated Investment Consultants LLC Sells 262 Shares of Citigroup Inc. (NYSE:C)

Integrated Investment Consultants LLC lowered its holdings in Citigroup Inc. (NYSE:C) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 5,992 shares of the company’s stock after selling 262 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Citigroup were worth $422,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup during the 2nd quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new position in shares of Citigroup during the 3rd quarter worth approximately $31,000. GHP Investment Advisors Inc. raised its stake in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C opened at $80.05 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day moving average price of $71.22 and a 200 day moving average price of $65.52. The stock has a market cap of $151.40 billion, a P/E ratio of 23.20, a P/E/G ratio of 0.59 and a beta of 1.43. Citigroup Inc. has a 1 year low of $50.51 and a 1 year high of $80.45.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio is presently 64.93%.

Citigroup declared that its board has authorized a share buyback program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

C has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. The Goldman Sachs Group boosted their target price on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Morgan Stanley boosted their target price on shares of Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

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.