Bridge Creek Capital Management LLC Sells 1,475 Shares of Citigroup Inc. (NYSE:C)

Bridge Creek Capital Management LLC reduced its position in Citigroup Inc. (NYSE:C) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,761 shares of the company’s stock after selling 1,475 shares during the quarter. Citigroup comprises about 1.4% of Bridge Creek Capital Management LLC’s holdings, making the stock its 26th biggest holding. Bridge Creek Capital Management LLC’s holdings in Citigroup were worth $4,629,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in Citigroup in the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in Citigroup during the second quarter valued at about $31,000. Legacy Investment Solutions LLC purchased a new position in shares of Citigroup in the 3rd quarter worth about $31,000. GHP Investment Advisors Inc. raised its holdings in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Citigroup by 69.3% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the subject of several research reports. Bank of America upped their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Wells Fargo & Company upped their target price on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Evercore ISI lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Trading Up 1.0 %

Shares of Citigroup stock traded up $0.68 during trading on Monday, hitting $72.08. The stock had a trading volume of 8,092,538 shares, compared to its average volume of 13,330,678. The stock has a market cap of $136.32 billion, a PE ratio of 20.89, a PEG ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.29. The firm’s fifty day simple moving average is $70.19 and its 200-day simple moving average is $65.07. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.11%. Citigroup’s payout ratio is currently 64.93%.

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.