Factorial Partners LLC Cuts Position in Citigroup Inc. (NYSE:C)

Factorial Partners LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 76.0% in the third quarter, Holdings Channel reports. The firm owned 20,600 shares of the company’s stock after selling 65,400 shares during the period. Factorial Partners LLC’s holdings in Citigroup were worth $1,290,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. POM Investment Strategies LLC purchased a new position in shares of Citigroup in the second quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in Citigroup in the 3rd quarter worth $28,000. Beacon Capital Management LLC boosted its position in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup during the second quarter valued at about $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Citigroup during the second quarter worth about $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.6 %

Shares of Citigroup stock opened at $68.62 on Wednesday. The business has a fifty day simple moving average of $63.62 and a 200-day simple moving average of $62.71. Citigroup Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $70.20. The firm has a market cap of $129.78 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last posted its quarterly earnings data 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 company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. On average, equities analysts forecast that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. Citigroup’s dividend payout ratio is 64.93%.

Analysts Set New Price Targets

C has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Oppenheimer upped their target price on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Evercore ISI raised their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.