Founders Financial Alliance LLC Decreases Stock Position in Citigroup Inc. (NYSE:C)

Founders Financial Alliance LLC reduced its position in Citigroup Inc. (NYSE:C) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,137 shares of the company’s stock after selling 317 shares during the quarter. Founders Financial Alliance LLC’s holdings in Citigroup were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. NBC Securities Inc. purchased a new position in shares of Citigroup in the third quarter valued at $311,000. Victory Capital Management Inc. grew its position in shares of Citigroup by 2.1% in the third quarter. Victory Capital Management Inc. now owns 1,019,413 shares of the company’s stock valued at $41,928,000 after purchasing an additional 21,411 shares in the last quarter. NTV Asset Management LLC grew its position in shares of Citigroup by 8.4% in the third quarter. NTV Asset Management LLC now owns 4,907 shares of the company’s stock valued at $202,000 after purchasing an additional 380 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in shares of Citigroup by 0.9% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 50,989 shares of the company’s stock valued at $2,097,000 after purchasing an additional 431 shares in the last quarter. Finally, Privium Fund Management B.V. grew its position in shares of Citigroup by 25.3% in the third quarter. Privium Fund Management B.V. now owns 15,832 shares of the company’s stock valued at $651,000 after purchasing an additional 3,200 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on C. HSBC lifted their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. Jefferies Financial Group lifted their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.66.

Citigroup Trading Up 0.9 %

Shares of C traded up $0.56 during trading hours on Friday, hitting $63.58. The company had a trading volume of 9,424,967 shares, compared to its average volume of 10,878,002. The firm has a market cap of $121.28 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.94 and a beta of 1.49. The stock’s 50 day moving average price is $61.76 and its 200 day moving average price is $55.16. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $64.98.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion for 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 company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. On average, research analysts predict that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were issued a dividend of $0.53 per share. The ex-dividend date was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.33%. Citigroup’s dividend payout ratio is presently 62.72%.

Citigroup 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.