DRW Securities LLC Decreases Position in Citigroup Inc. (NYSE:C)

DRW Securities LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 28.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,014 shares of the company’s stock after selling 29,262 shares during the quarter. DRW Securities LLC’s holdings in Citigroup were worth $4,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. POM Investment Strategies LLC purchased a new position in shares of Citigroup in the second quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Citigroup during the third quarter valued at about $28,000. Beacon Capital Management LLC increased its position in shares of Citigroup by 85.5% during the first 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 period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the second quarter valued at about $31,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Citigroup during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 1.3 %

Shares of NYSE C opened at $69.84 on Monday. The firm’s 50 day moving average price is $64.32 and its 200-day moving average price is $62.85. The company has a market cap of $132.09 billion, a PE ratio of 20.24, a P/E/G ratio of 0.78 and a beta of 1.44. Citigroup Inc. has a 52-week low of $44.56 and a 52-week high of $70.20. 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 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. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.21%. Citigroup’s payout ratio is 64.93%.

Analyst Upgrades and Downgrades

C has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley dropped their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.00.

About Citigroup

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.