Citigroup Inc. (NYSE:C) is Rock Point Advisors LLC’s Largest Position

Rock Point Advisors LLC cut its holdings in shares of Citigroup Inc. (NYSE:C) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 267,887 shares of the company’s stock after selling 4,416 shares during the quarter. Citigroup accounts for approximately 4.6% of Rock Point Advisors LLC’s holdings, making the stock its biggest holding. Rock Point Advisors LLC’s holdings in Citigroup were worth $16,770,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in C. Avestar Capital LLC lifted its stake in shares of Citigroup by 9.0% in the 3rd quarter. Avestar Capital LLC now owns 12,156 shares of the company’s stock valued at $761,000 after acquiring an additional 1,007 shares during the last quarter. Brooklyn Investment Group increased its stake in Citigroup by 39.4% in the 3rd quarter. Brooklyn Investment Group now owns 5,871 shares of the company’s stock worth $368,000 after purchasing an additional 1,658 shares during the period. Quantbot Technologies LP bought a new stake in Citigroup in the third quarter valued at approximately $11,638,000. D.A. Davidson & CO. boosted its stake in shares of Citigroup by 6.6% during the third quarter. D.A. Davidson & CO. now owns 56,877 shares of the company’s stock valued at $3,561,000 after purchasing an additional 3,536 shares during the period. Finally, Hancock Whitney Corp grew its holdings in shares of Citigroup by 7.4% in the third quarter. Hancock Whitney Corp now owns 5,544 shares of the company’s stock worth $347,000 after purchasing an additional 382 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Down 1.1 %

NYSE:C traded down $0.76 during mid-day trading on Tuesday, hitting $69.99. 438,539 shares of the company’s stock were exchanged, compared to its average volume of 14,386,586. Citigroup Inc. has a one year low of $44.56 and a one year high of $71.19. The business has a fifty day moving average price of $64.56 and a 200 day moving average price of $62.90. The company has a market cap of $132.37 billion, a PE ratio of 20.50, a P/E/G ratio of 0.78 and a beta of 1.44. 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 for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. Equities analysts predict that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Oppenheimer boosted their price target on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. The Goldman Sachs Group dropped 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, Morgan Stanley reduced their target price on 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target 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.