Citigroup Inc. (NYSE:C) Shares Sold by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc reduced its position in shares of Citigroup Inc. (NYSE:C) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,027 shares of the company’s stock after selling 150 shares during the period. Richard P Slaughter Associates Inc’s holdings in Citigroup were worth $2,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the 2nd quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the third quarter worth approximately $31,000. GHP Investment Advisors Inc. raised its stake in Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted 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 valued at $39,000 after purchasing an additional 260 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on C. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Bank of America boosted their target price on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Oppenheimer cut their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Citigroup Trading Up 1.1 %

Shares of C opened at $73.59 on Wednesday. Citigroup Inc. has a one year low of $50.51 and a one year high of $74.29. The stock has a 50-day moving average price of $70.60 and a 200 day moving average price of $65.22. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $139.18 billion, a P/E ratio of 21.33, a P/E/G ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. The business had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. Sell-side analysts forecast that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.04%. Citigroup’s dividend payout ratio (DPR) is 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.