Oak Thistle LLC Has $1.07 Million Position in Citigroup Inc. $C

Oak Thistle LLC lessened its stake in Citigroup Inc. (NYSE:C) by 59.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,512 shares of the company’s stock after selling 15,332 shares during the quarter. Oak Thistle LLC’s holdings in Citigroup were worth $1,067,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of C. Keystone Financial Services acquired a new stake in Citigroup during the second quarter valued at $216,000. Brighton Jones LLC raised its stake in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Hayek Kallen Investment Management lifted its holdings in shares of Citigroup by 125.0% during the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after buying an additional 8,630 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Citigroup by 3.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock valued at $21,955,000 after buying an additional 9,644 shares in the last quarter. Finally, D.B. Root & Company LLC bought a new stake in shares of Citigroup in the 1st quarter valued at approximately $203,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 1.2%

Shares of NYSE:C opened at $112.80 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day moving average is $102.41 and its 200-day moving average is $95.28. The company has a market cap of $201.83 billion, a P/E ratio of 15.84, a P/E/G ratio of 0.55 and a beta of 1.21. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $113.85.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. The firm had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 EPS. Equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on C. Morgan Stanley lifted their target price on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group restated a “buy” rating and set a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Keefe, Bruyette & Woods raised their target price on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group reiterated a “neutral” rating and set a $108.00 price target on shares of Citigroup in a research note on Monday, November 24th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

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.