Citigroup Inc (C) Position Cut by Janney Capital Management LLC
Janney Capital Management LLC trimmed its position in Citigroup Inc (NYSE:C) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,786 shares of the financial services provider’s stock after selling 13,373 shares during the quarter. Janney Capital Management LLC’s holdings in Citigroup were worth $9,568,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in C. Evolution Wealth Advisors LLC purchased a new stake in shares of Citigroup in the fourth quarter worth approximately $29,000. Signet Investment Advisory Group Inc. purchased a new stake in shares of Citigroup in the fourth quarter worth approximately $32,000. Hudock Capital Group LLC lifted its position in shares of Citigroup by 79.0% in the fourth quarter. Hudock Capital Group LLC now owns 836 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 369 shares in the last quarter. Ayalon Holdings Ltd. purchased a new stake in shares of Citigroup in the fourth quarter worth approximately $50,000. Finally, Ironwood Financial llc lifted its position in shares of Citigroup by 97.2% in the fourth quarter. Ironwood Financial llc now owns 1,134 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 559 shares in the last quarter. Institutional investors own 73.99% of the company’s stock.
A number of analysts have recently issued reports on the stock. TheStreet lowered shares of Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, December 11th. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Tuesday, October 16th. Standpoint Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Credit Suisse Group reduced their price target on shares of Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, December 7th. Finally, Macquarie raised shares of Citigroup from a “neutral” rating to an “outperform” rating in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.20.
Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.06. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.57 billion. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 earnings per share. Analysts predict that Citigroup Inc will post 7.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Monday, February 4th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Friday, February 1st. Citigroup’s dividend payout ratio is 27.07%.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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