Kingswood Wealth Advisors LLC Has $1.88 Million Stake in Citigroup Inc. (NYSE:C)

Kingswood Wealth Advisors LLC cut its stake in Citigroup Inc. (NYSE:C) by 9.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,741 shares of the company’s stock after selling 3,129 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Citigroup were worth $1,881,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Massachusetts Wealth Management raised its holdings in shares of Citigroup by 0.5% during the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after purchasing an additional 192 shares during the last quarter. Founders Capital Management raised its stake in Citigroup by 12.5% during the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock valued at $93,000 after buying an additional 200 shares during the last quarter. Cowa LLC boosted its stake in shares of Citigroup by 3.1% in the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after buying an additional 200 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in shares of Citigroup by 0.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock worth $1,267,000 after buying an additional 200 shares during the last quarter. Finally, Rossmore Private Capital grew its holdings in shares of Citigroup by 1.5% in the fourth quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock worth $710,000 after acquiring an additional 200 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock traded up $0.24 during mid-day trading on Tuesday, hitting $61.58. The company had a trading volume of 11,712,196 shares, compared to its average volume of 15,101,064. The company has a market capitalization of $117.46 billion, a P/E ratio of 18.18, a P/E/G ratio of 0.91 and a beta of 1.48. The stock’s 50 day moving average price is $61.76 and its 200-day moving average price is $57.61. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $64.98. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the previous year, the company earned $1.86 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts forecast that Citigroup Inc. will post 5.89 earnings per share 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 paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Oppenheimer dropped their price objective on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. HSBC upped their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Morgan Stanley reiterated an “overweight” rating and set a $65.00 price target on shares of Citigroup in a research note on Thursday, June 20th. Finally, Piper Sandler upped their price objective on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.03.

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.