Widmann Financial Services Inc. Sells 656 Shares of Citigroup Inc. (NYSE:C)

Widmann Financial Services Inc. lessened its stake in shares of Citigroup Inc. (NYSE:C) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,467 shares of the company’s stock after selling 656 shares during the period. Widmann Financial Services Inc.’s holdings in Citigroup were worth $906,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Citigroup by 70.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock worth $283,692,000 after buying an additional 1,865,628 shares during the period. Captrust Financial Advisors lifted its position in Citigroup by 3.3% during the 3rd quarter. Captrust Financial Advisors now owns 935,171 shares of the company’s stock worth $58,542,000 after acquiring an additional 30,299 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in Citigroup by 15.4% during the third quarter. Atlantic Union Bankshares Corp now owns 34,598 shares of the company’s stock valued at $2,166,000 after acquiring an additional 4,630 shares during the period. Martingale Asset Management L P acquired a new stake in shares of Citigroup in the third quarter valued at about $316,000. Finally, Infrastructure Capital Advisors LLC grew its position in shares of Citigroup by 6.1% in the third quarter. Infrastructure Capital Advisors LLC now owns 47,261 shares of the company’s stock valued at $2,959,000 after purchasing an additional 2,723 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 1.0 %

Shares of NYSE:C opened at $70.87 on Friday. The company has a market capitalization of $134.03 billion, a PE ratio of 20.54, a P/E/G ratio of 0.78 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The company’s fifty day moving average is $65.30 and its 200-day moving average is $63.10. Citigroup Inc. has a 52 week low of $45.58 and a 52 week high of $71.19.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $1.52 earnings per share. Equities research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Evercore ISI boosted their price objective on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group reduced their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Bank of America raised their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley cut their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $73.00.

About Citigroup

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.