Citigroup Inc. (NYSE:C) Shares Acquired by Waycross Partners LLC

Waycross Partners LLC increased its stake in shares of Citigroup Inc. (NYSE:C) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,967 shares of the company’s stock after acquiring an additional 813 shares during the quarter. Citigroup comprises approximately 1.6% of Waycross Partners LLC’s portfolio, making the stock its 21st largest holding. Waycross Partners LLC’s holdings in Citigroup were worth $2,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. AM Investment Strategies LLC lifted its stake in shares of Citigroup by 0.7% in the 3rd quarter. AM Investment Strategies LLC now owns 22,115 shares of the company’s stock worth $1,552,000 after acquiring an additional 148 shares during the period. Evolution Wealth Advisors LLC grew its stake in Citigroup by 6.1% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 2,615 shares of the company’s stock valued at $184,000 after acquiring an additional 150 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its position in Citigroup by 0.8% during the second quarter. Guyasuta Investment Advisors Inc. now owns 18,585 shares of the company’s stock valued at $1,315,000 after purchasing an additional 155 shares in the last quarter. SlateStone Wealth LLC grew its holdings in shares of Citigroup by 2.6% during the 3rd quarter. SlateStone Wealth LLC now owns 6,190 shares of the company’s stock valued at $434,000 after acquiring an additional 155 shares in the last quarter. Finally, Arjuna Capital increased its position in Citigroup by 1.5% in the 2nd quarter. Arjuna Capital now owns 10,330 shares of the company’s stock worth $730,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 72.66% of the company’s stock.

Several analysts have recently issued reports on C shares. Morgan Stanley downgraded Citigroup from an “overweight” rating to an “equal weight” rating and set a $82.00 price target for the company. in a research note on Monday, December 6th. Jefferies Financial Group increased their target price on Citigroup from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, October 11th. JPMorgan Chase & Co. decreased their target price on Citigroup from $80.50 to $76.00 and set a “neutral” rating for the company in a research note on Thursday, January 6th. Barclays decreased their target price on Citigroup from $86.00 to $73.00 and set an “equal weight” rating for the company in a research note on Monday, January 3rd. Finally, Credit Suisse Group decreased their target price on Citigroup from $82.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, December 10th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $79.77.

Citigroup stock traded down $1.72 during mid-day trading on Friday, hitting $66.06. 1,487,526 shares of the company’s stock were exchanged, compared to its average volume of 22,379,222. The company’s 50 day simple moving average is $64.01 and its 200-day simple moving average is $68.05. Citigroup Inc. has a fifty-two week low of $57.40 and a fifty-two week high of $80.29. The firm has a market capitalization of $133.89 billion, a P/E ratio of 6.33, a PEG ratio of 0.72 and a beta of 1.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.41.

Citigroup (NYSE:C) last released its earnings results on Thursday, October 14th. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.23. Citigroup had a return on equity of 13.12% and a net margin of 29.23%. The business had revenue of $17.15 billion for the quarter, compared to the consensus estimate of $16.93 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. Citigroup’s quarterly revenue was down .9% on a year-over-year basis. Research analysts expect that Citigroup Inc. will post 10.84 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 25th. Stockholders of record on Monday, February 7th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, February 4th. Citigroup’s dividend payout ratio is presently 19.07%.

In other news, CEO Cantu Ernesto Torres sold 27,783 shares of the business’s stock in a transaction that occurred on Tuesday, October 19th. The stock was sold at an average price of $72.50, for a total transaction of $2,014,267.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

Citigroup Profile

Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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