NEXT Financial Group Inc Sells 660 Shares of Citigroup Inc (NYSE:C)

NEXT Financial Group Inc lessened its holdings in Citigroup Inc (NYSE:C) by 3.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,289 shares of the financial services provider’s stock after selling 660 shares during the period. NEXT Financial Group Inc’s holdings in Citigroup were worth $1,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of C. Simon Quick Advisors LLC lifted its holdings in Citigroup by 268.7% during the fourth quarter. Simon Quick Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 266 shares in the last quarter. Arlington Partners LLC purchased a new position in shares of Citigroup during the 4th quarter valued at $32,000. Garrett Wealth Advisory Group LLC purchased a new position in shares of Citigroup during the 3rd quarter valued at $33,000. Allred Capital Management LLC purchased a new position in shares of Citigroup during the 4th quarter valued at $35,000. Finally, Candriam Luxembourg S.C.A. boosted its holdings in Citigroup by 15.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 562,430 shares of the financial services provider’s stock worth $43,000 after buying an additional 74,950 shares during the period. 77.02% of the stock is currently owned by institutional investors.

Shares of Citigroup stock opened at $79.90 on Wednesday. Citigroup Inc has a twelve month low of $60.05 and a twelve month high of $83.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.41. The business has a 50-day moving average price of $78.55 and a 200-day moving average price of $72.03. The firm has a market cap of $177.10 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.80 and a beta of 1.81.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 14th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.04. Citigroup had a return on equity of 10.32% and a net margin of 18.75%. The company had revenue of $18.38 billion for the quarter, compared to the consensus estimate of $17.95 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts expect that Citigroup Inc will post 8.65 EPS for the current fiscal year.

The company 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 $0.51 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.04 annualized dividend and a dividend yield of 2.55%. Citigroup’s dividend payout ratio (DPR) is 26.91%.

A number of brokerages have issued reports on C. Wells Fargo & Co increased their price target on Citigroup from $97.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Morgan Stanley boosted their price objective on Citigroup from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, October 9th. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Citigroup from $77.50 to $84.50 and gave the company an “overweight” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $89.61.

About Citigroup

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).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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