Citigroup Inc. $C Shares Sold by EJF Capital LLC

EJF Capital LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 57.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,662 shares of the company’s stock after selling 15,672 shares during the period. EJF Capital LLC’s holdings in Citigroup were worth $993,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in C. Onyx Bridge Wealth Group LLC increased its stake in Citigroup by 3.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after acquiring an additional 109 shares during the last quarter. Fullcircle Wealth LLC lifted its stake in shares of Citigroup by 0.9% in the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after purchasing an additional 111 shares in the last quarter. Secure Asset Management LLC grew its holdings in shares of Citigroup by 3.7% during the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after purchasing an additional 118 shares during the period. Golden State Equity Partners increased its position in Citigroup by 0.6% during the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after purchasing an additional 122 shares in the last quarter. Finally, Altman Advisors Inc. raised its holdings in Citigroup by 0.4% in the second quarter. Altman Advisors Inc. now owns 30,979 shares of the company’s stock valued at $2,673,000 after buying an additional 127 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on C. TD Cowen boosted their price objective on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $107.00 to $124.00 in a report on Friday. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.47.

Citigroup Stock Performance

Citigroup stock opened at $111.82 on Friday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $113.43. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $200.07 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 0.55 and a beta of 1.21. The firm’s fifty day moving average price is $101.21 and its 200 day moving average price is $94.26.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the prior year, the company posted $1.51 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Citigroup Company 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.