Wealth Alliance Lowers Holdings in Citigroup Inc. (NYSE:C)

Wealth Alliance lessened its stake in Citigroup Inc. (NYSE:C) by 35.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,276 shares of the company’s stock after selling 3,395 shares during the quarter. Wealth Alliance’s holdings in Citigroup were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of C. Panagora Asset Management Inc. raised its position in Citigroup by 24.5% in the 1st quarter. Panagora Asset Management Inc. now owns 29,752 shares of the company’s stock worth $1,589,000 after buying an additional 5,853 shares during the last quarter. Zions Bancorporation N.A. raised its position in Citigroup by 50.5% in the 1st quarter. Zions Bancorporation N.A. now owns 6,256 shares of the company’s stock worth $334,000 after buying an additional 2,100 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in Citigroup by 20.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 5,274 shares of the company’s stock worth $282,000 after buying an additional 907 shares during the last quarter. Ergoteles LLC purchased a new position in Citigroup in the 1st quarter worth about $761,000. Finally, Halbert Hargrove Global Advisors LLC raised its position in Citigroup by 7.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 4,077 shares of the company’s stock worth $218,000 after buying an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on C shares. Jefferies Financial Group boosted their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Wells Fargo & Company restated an “overweight” rating and set a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a research note on Wednesday, January 10th. HSBC boosted their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Trading Up 0.3 %

C stock opened at $58.32 on Friday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year 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 company has a market capitalization of $111.70 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 0.86 and a beta of 1.52. The business has a 50 day simple moving average of $58.19 and a two-hundred day simple moving average of $51.03.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. Research analysts anticipate that Citigroup Inc. will post 5.91 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.64%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

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.