Northern Financial Advisors Inc Has $308,000 Stock Position in Citigroup Inc. (NYSE:C)

Northern Financial Advisors Inc decreased its stake in shares of Citigroup Inc. (NYSE:C) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,997 shares of the company’s stock after selling 894 shares during the period. Northern Financial Advisors Inc’s holdings in Citigroup were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in C. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Citigroup during the third quarter valued at about $209,000. Simplicity Solutions LLC grew its stake in Citigroup by 17.6% during the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after acquiring an additional 4,150 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Citigroup by 56.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after purchasing an additional 449,310 shares during the last quarter. GFS Advisors LLC bought a new stake in Citigroup during the fourth quarter worth approximately $2,003,000. Finally, Sound Income Strategies LLC raised its position in Citigroup by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after purchasing an additional 21,440 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

Shares of Citigroup stock traded up $0.49 during trading on Wednesday, hitting $62.49. 3,431,910 shares of the company’s stock traded hands, compared to its average volume of 16,467,461. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s fifty day moving average price is $59.85 and its 200 day moving average price is $52.95. The company has a market cap of $119.69 billion, a PE ratio of 18.34, a PEG ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same period in the prior year, the business posted $1.86 earnings per share. Citigroup’s revenue was down 1.6% compared to the same quarter last year. Analysts forecast that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.39%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Analyst Ratings Changes

Several equities research analysts have recently commented on C shares. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods lifted their price target on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. HSBC lifted their price target on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $62.85.

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.