Citigroup Inc. (NYSE:C) stake sold to MainStreet Investment Advisors LLC

Financial Advisors


MainStreet Investment Advisors LLC cut its stake in Citigroup (NYSE: C – Get Rating) by 9.5% in the fourth quarter, according to its latest Form 13F filed with the Securities and Exchange Commission (SEC). Institutional investors owned 81,315 shares of the company’s stock after selling 8,576 shares during the period. MainStreet Investment Advisors LLC’s holdings in Citigroup were valued at $3,678,000 at the end of the most recent reporting period.

Other institutional investors have increased or decreased their stakes in the company recently. McClarren Financial Advisors Inc. acquired a new stake in Citigroup for $25,000 in the third quarter. Arlington Partners LLC acquired a new stake in Citigroup for his $25,000 in the fourth quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in his Citigroup worth $28,000 in the third quarter. EWG Elevate Inc. acquired another $29,000 worth of his Citigroup stock in the fourth quarter. Finally, McIlrath & Eck LLC increased its Citigroup stake by 96.6% in the third quarter. McIlrath & Eck LLC now owns 814 shares of the company stock valued at $34,000 after purchasing an additional 400 shares during this period. 70.90% of the shares are owned by institutional investors and hedge funds.

Citigroup price performance

NYSE:C shares fell $0.45 during Thursday’s trading hours to reach $49.95. His 2,812,412 shares of the company’s stock were hand traded, compared to an average turnover of 19,496,854. Citigroup Inc. has a 52-week low of $40.01 and a 52-week high of $54.56. The company has an equity ratio of 1.48, a quick ratio of 0.94 and a current ratio of 0.95. The company’s 50-day simple moving average is $48.19 and its 200-day simple moving average is $47.28. The company has a market capitalization of $97.09 billion, a price/earnings ratio of 7.03, a price/earnings ratio of 1.61 and a beta of 1.57.

Citigroup (NYSE:C – Get Rating) last released its quarterly earnings data on Friday, April 14. The company posted its earnings per share of $2.19 for the quarter, beating consensus expectations of $1.66 by $0.53. Citigroup’s net profit margin was 12.96% and return on equity was 7.84%. The company’s revenue for the quarter was $21.4 billion, compared with analyst estimates of $20.07 billion. During the same quarter last year, the company posted his EPS of $2.02. The business’s revenue for the quarter increased 11.5% year-over-year. As a group, equity analysts expect Citigroup Inc. to post 5.96 EPS for the current financial year.

Citigroup Dividend Notice

The company recently announced a quarterly dividend payable on Friday, May 26th. Shareholders of record on Monday, May 1 will receive a dividend of $0.51 per share. The ex-dividend date is Friday, April 28. This represents his $2.04 dividend and his 4.08% dividend yield on an annualized basis. Citigroup’s Dividend Payout Ratio (DPR) is 28.45%.

Insider activity

In other Citigroup news, insider Sarah Wechter sold 2,950 shares of the company in a transaction on Tuesday, February 21. The shares sold for an average of $50.77 and the total trading value was her $149,771.50. Following the closing of the sale, Insiders now directly own 82,779 shares of the Company’s stock valued at $4,202,689.83. The transaction was disclosed in legal documents to the Securities and Exchange Commission, available at this link. In other Citigroup news, insider Sarah Wechter sold 2,950 shares of the company in a transaction on Tuesday, February 21. The shares sold at an average price of $50.77 for a total transaction value of $149,771.50. Following the closing of the sale, Insiders now directly own 82,779 shares of the Company’s stock valued at $4,202,689.83. The transaction was disclosed in legal documents to the Securities and Exchange Commission, available at this link. Also, his CEO, Titilope Cole, sold 11,903 shares of the company in a deal on Friday, February 17th. The shares sold at an average price of $51.10 for a total transaction value of $608,243.30. After the sale, the CEO now directly owns 65,764 shares of the company stock valued at $3,360,540.40. Please see here for the disclosure of this sale. In the last quarter, the insider sold 39,353 shares of her company stock worth $2,001,830. A corporate insider owns his 0.09% of the company’s shares.

Wall Street Analyst Predicts Growth

Morgan Stanley raised its price target on Citigroup shares to $45.00 from $41.00, giving it an ‘underweight’ rating in a report on Monday. TheStreet upgraded Citigroup’s stock to a ‘b-‘ rating from ‘c+’ in its report on Monday, March 6. BMO Capital Markets raised Citigroup’s price target to $68.00 from $56.00, giving it an “outperform” rating in a report on Monday. StockNews.com began covering Citigroup shares in its report on Thursday, March 16th. They issued a “Hold” rating on the stock. Finally, Wells Fargo & Company raised its price target on Citigroup’s stock from $62.00 to $65.00, giving the stock an “overweight” rating in Monday’s report. 1 analyst gave a sell rating, 10 analysts issued a hold rating, and 7 analysts issued a buy rating for the company. According to MarketBeat.com data, Citigroup has an average rating of “pending” and an average target price of $54.74.

Citigroup Profile

(get rating)

Citigroup, Inc is a holding company engaged in the provision of financial products and services. It operates through its Global Consumer Banking, Institutional Client Group, Corporate and Other segments. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, Citi-branded cards and Citi retail services.

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Citigroup (NYSE:C) Quarterly Institutional Ownership Ratio

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