Citigroup Inc (C) Stake Lowered by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lessened its holdings in Citigroup Inc (NYSE:C) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 261,337 shares of the financial services provider’s stock after selling 8,514 shares during the period. Citigroup accounts for approximately 1.3% of Braun Stacey Associates Inc.’s holdings, making the stock its 11th largest holding. Braun Stacey Associates Inc.’s holdings in Citigroup were worth $19,447,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in C. Balentine LLC lifted its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. Sawyer & Company Inc acquired a new position in Citigroup during the 4th quarter worth about $117,000. Baldwin Brothers Inc. MA lifted its stake in Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 750 shares in the last quarter. Finally, Risk Paradigm Group LLC lifted its stake in Citigroup by 692.0% during the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 1,993 shares in the last quarter. 80.71% of the stock is currently owned by institutional investors and hedge funds.

C has been the topic of several research reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods increased their target price on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Nomura set a $87.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price on the stock. in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $79.65.

Citigroup Inc (NYSE:C) opened at $76.82 on Monday. Citigroup Inc has a 1-year low of $56.55 and a 1-year high of $80.70. The company has a market capitalization of $203,110.00, a PE ratio of 13.84, a PEG ratio of 1.12 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. sell-side analysts forecast that Citigroup Inc will post 6.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Citigroup’s payout ratio is currently 23.06%.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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