Citigroup Inc. (NYSE:C) Shares Sold by D Orazio & Associates Inc.

D Orazio & Associates Inc. trimmed its stake in Citigroup Inc. (NYSE:C) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,091 shares of the company’s stock after selling 259 shares during the quarter. D Orazio & Associates Inc.’s holdings in Citigroup were worth $319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossmore Private Capital grew its position in Citigroup by 14.0% during the third quarter. Rossmore Private Capital now owns 11,430 shares of the company’s stock valued at $716,000 after acquiring an additional 1,400 shares during the period. Aptus Capital Advisors LLC boosted its position in shares of Citigroup by 20.5% in the third quarter. Aptus Capital Advisors LLC now owns 161,538 shares of the company’s stock worth $10,112,000 after buying an additional 27,512 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Citigroup in the third quarter worth about $2,951,000. Prime Capital Investment Advisors LLC boosted its position in shares of Citigroup by 7.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 19,784 shares of the company’s stock worth $1,238,000 after buying an additional 1,431 shares during the period. Finally, Savvy Advisors Inc. boosted its position in shares of Citigroup by 33.7% in the third quarter. Savvy Advisors Inc. now owns 10,956 shares of the company’s stock worth $686,000 after buying an additional 2,764 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Evercore ISI boosted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Oppenheimer increased their price target on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group decreased their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, Bank of America increased their price target on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.06.

Citigroup Stock Performance

NYSE:C traded up $0.37 during mid-day trading on Wednesday, hitting $69.39. The stock had a trading volume of 2,912,400 shares, compared to its average volume of 14,418,546. Citigroup Inc. has a twelve month low of $43.10 and a twelve month high of $70.20. The stock has a market cap of $131.24 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 0.78 and a beta of 1.44. The company’s 50 day simple moving average is $62.71 and its 200 day simple moving average is $62.46. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.23%. Citigroup’s dividend payout ratio is presently 64.93%.

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.