White Pine Capital LLC Has $1.08 Million Stock Holdings in Citigroup Inc. (NYSE:C)

White Pine Capital LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,906 shares of the company’s stock after selling 1,631 shares during the period. White Pine Capital LLC’s holdings in Citigroup were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carmel Capital Partners LLC purchased a new stake in shares of Citigroup during the third quarter worth $25,000. Rakuten Securities Inc. acquired a new stake in shares of Citigroup in the fourth quarter worth about $35,000. GHP Investment Advisors Inc. lifted its position in shares of Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the last quarter. AlphaMark Advisors LLC lifted its position in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Citigroup in the fourth quarter worth about $39,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Evercore ISI boosted their price target on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Oppenheimer reduced their price target on Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. BMO Capital Markets cut Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a research report on Wednesday, January 10th. Finally, Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Stock Performance

C traded up $0.87 on Friday, hitting $62.66. 16,364,096 shares of the stock traded hands, compared to its average volume of 14,990,358. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The firm has a market capitalization of $120.01 billion, a PE ratio of 18.54, a P/E/G ratio of 0.93 and a beta of 1.52. The business has a fifty day moving average price of $59.09 and a two-hundred day moving average price of $51.92. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same period in the prior year, the company posted $1.86 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. Citigroup’s dividend payout ratio is currently 62.72%.

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.