Virtu Financial LLC Sells 8,675 Shares of Citigroup Inc (NYSE:C)

Virtu Financial LLC lowered its stake in shares of Citigroup Inc (NYSE:C) by 55.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,071 shares of the financial services provider’s stock after selling 8,675 shares during the quarter. Virtu Financial LLC’s holdings in Citigroup were worth $488,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Personal Wealth Partners bought a new position in Citigroup during the 2nd quarter valued at about $27,000. Mcmillion Capital Management Inc. bought a new position in shares of Citigroup in the 2nd quarter worth approximately $31,000. Garrett Wealth Advisory Group LLC bought a new position in shares of Citigroup in the 3rd quarter worth approximately $33,000. Bray Capital Advisors lifted its stake in shares of Citigroup by 257.4% in the 2nd quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 350 shares during the period. Finally, MRA Associates USA LLC bought a new position in shares of Citigroup in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

C stock opened at $74.52 on Tuesday. The firm has a fifty day moving average price of $73.62 and a 200 day moving average price of $68.99. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $76.28. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $164.00 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.85 and a beta of 1.81.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.12. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The firm had revenue of $18.57 billion during the quarter, compared to analyst estimates of $18.54 billion. During the same period last year, the firm posted $1.73 earnings per share. Citigroup’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc will post 7.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 4th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Friday, November 1st. Citigroup’s dividend payout ratio (DPR) is presently 30.68%.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Co set a $85.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley reiterated an “overweight” rating and issued a $90.00 price objective (up previously from $84.00) on shares of Citigroup in a research note on Monday, November 18th. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on shares of Citigroup from $77.50 to $84.50 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, UBS Group increased their price objective on shares of Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $81.45.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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