Eubel Brady & Suttman Asset Management Inc. Sells 69,073 Shares of Citigroup Inc. (NYSE:C)

Eubel Brady & Suttman Asset Management Inc. lowered its position in shares of Citigroup Inc. (NYSE:C) by 29.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,189 shares of the company’s stock after selling 69,073 shares during the quarter. Citigroup makes up about 1.5% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 29th largest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Citigroup were worth $10,356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Gryphon Financial Partners LLC raised its position in shares of Citigroup by 10.9% during the second quarter. Gryphon Financial Partners LLC now owns 4,808 shares of the company’s stock worth $305,000 after acquiring an additional 473 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of Citigroup during the second quarter worth $260,000. Daiwa Securities Group Inc. raised its position in shares of Citigroup by 12.5% during the second quarter. Daiwa Securities Group Inc. now owns 249,596 shares of the company’s stock worth $15,838,000 after acquiring an additional 27,794 shares during the last quarter. Andra AP fonden bought a new stake in shares of Citigroup during the second quarter worth $12,324,000. Finally, Levin Capital Strategies L.P. grew its stake in shares of Citigroup by 24.6% during the second quarter. Levin Capital Strategies L.P. now owns 473,217 shares of the company’s stock worth $30,030,000 after purchasing an additional 93,376 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 1.3 %

NYSE:C opened at $60.31 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $115.06 billion, a PE ratio of 16.68, a PEG ratio of 0.64 and a beta of 1.45. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81. The stock has a 50-day simple moving average of $62.36 and a 200 day simple moving average of $61.32.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. On average, sell-side analysts expect that Citigroup Inc. will post 5.82 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.71%. Citigroup’s dividend payout ratio (DPR) is presently 62.75%.

Analyst Ratings Changes

C has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Evercore ISI lifted their price objective on Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 3rd. Morgan Stanley lifted their price objective on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Argus lifted their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets lifted their price objective on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.06.

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.