Golub Group LLC Lowers Stake in Citigroup Inc (NYSE:C)

Golub Group LLC lowered its stake in shares of Citigroup Inc (NYSE:C) by 0.3% in the third quarter, HoldingsChannel.com reports. The firm owned 426,399 shares of the financial services provider’s stock after selling 1,375 shares during the period. Citigroup accounts for approximately 2.3% of Golub Group LLC’s portfolio, making the stock its 22nd largest holding. Golub Group LLC’s holdings in Citigroup were worth $29,456,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. Personal Wealth Partners acquired a new stake in Citigroup during the 2nd quarter worth $27,000. Mcmillion Capital Management Inc. acquired a new stake in Citigroup during the 2nd quarter worth $31,000. MRA Associates USA LLC acquired a new stake in Citigroup during the 2nd quarter worth $34,000. Garrett Wealth Advisory Group LLC acquired a new stake in Citigroup during the 3rd quarter worth $33,000. Finally, Bray Capital Advisors raised its stake in Citigroup by 257.4% during the 2nd quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 350 shares in the last quarter. 76.63% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Michael Whitaker sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total transaction of $465,225.00. Following the transaction, the insider now directly owns 93,848 shares in the company, valued at $5,821,391.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

NYSE C traded up $0.31 during trading on Friday, reaching $76.12. The company’s stock had a trading volume of 7,828,118 shares, compared to its average volume of 14,431,004. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.00. The firm has a market cap of $163.37 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.85 and a beta of 1.80. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $76.28. The business’s fifty day moving average price is $70.76 and its 200-day moving average price is $68.30.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.12. The company had revenue of $18.57 billion for the quarter, compared to analyst estimates of $18.54 billion. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. Citigroup’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 earnings per share. As a group, sell-side analysts forecast that Citigroup Inc will post 7.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be paid a $0.51 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.68%. Citigroup’s dividend payout ratio is presently 30.68%.

Several brokerages recently commented on C. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. UBS Group lifted their price target on shares of Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of Citigroup from $77.50 to $84.50 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Morgan Stanley set a $78.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price target on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Citigroup has an average rating of “Buy” and an average target price of $80.57.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Further Reading: Understanding Market Liquidity

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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