Dakota Wealth Management Sells 3,042 Shares of Citigroup Inc. (NYSE:C)

Dakota Wealth Management reduced its position in Citigroup Inc. (NYSE:C) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,417 shares of the company’s stock after selling 3,042 shares during the period. Dakota Wealth Management’s holdings in Citigroup were worth $1,367,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Elgethun Capital Management boosted its holdings in Citigroup by 8.3% during the 2nd quarter. Elgethun Capital Management now owns 73,467 shares of the company’s stock worth $4,662,000 after acquiring an additional 5,600 shares during the last quarter. MBB Public Markets I LLC boosted its holdings in shares of Citigroup by 2,860.0% in the 2nd quarter. MBB Public Markets I LLC now owns 133,228 shares of the company’s stock worth $8,455,000 after buying an additional 128,727 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Citigroup by 3.8% in the 2nd quarter. Mackenzie Financial Corp now owns 1,519,721 shares of the company’s stock worth $96,441,000 after buying an additional 55,889 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Citigroup by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after buying an additional 913,231 shares during the last quarter. Finally, Smith Thornton Advisors LLC purchased a new position in shares of Citigroup in the 2nd quarter worth about $306,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 0.4 %

Shares of C opened at $81.98 on Friday. The business’s 50-day moving average price is $72.21 and its 200-day moving average price is $66.00. Citigroup Inc. has a twelve month low of $52.24 and a twelve month high of $82.77. The stock has a market cap of $155.04 billion, a PE ratio of 13.78, a P/E/G ratio of 0.65 and a beta of 1.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast that Citigroup Inc. will post 7.51 EPS for the current fiscal year.

Citigroup declared that its Board of Directors has approved a stock buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Monday, February 3rd. Citigroup’s payout ratio is 37.65%.

Analyst Upgrades and Downgrades

C has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America boosted their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Oppenheimer lowered their price objective on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Evercore ISI boosted their price objective on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.93.

Citigroup 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.