Foundry Partners LLC Sells 23,590 Shares of Citigroup Inc (C)
Foundry Partners LLC trimmed its holdings in shares of Citigroup Inc (NYSE:C) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 474,365 shares of the financial services provider’s stock after selling 23,590 shares during the quarter. Citigroup accounts for 1.5% of Foundry Partners LLC’s holdings, making the stock its 2nd biggest position. Foundry Partners LLC’s holdings in Citigroup were worth $35,297,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Balentine LLC grew its stake in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Acrospire Investment Management LLC grew its stake in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. Sawyer & Company Inc bought a new position in shares of Citigroup during the 4th quarter worth approximately $117,000. Finally, Baldwin Brothers Inc. MA grew its stake in shares of Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 750 shares in the last quarter. 80.71% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on C. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a report on Monday, January 29th. Morgan Stanley increased their price objective on Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Friday, February 2nd. Jefferies Group reissued a “hold” rating and issued a $83.00 price objective on shares of Citigroup in a report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $90.00 to $82.00 in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and an average target price of $79.65.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. equities research analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is -41.29%.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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