Carnegie Capital Asset Management LLC Sells 305 Shares of Citigroup Inc. (NYSE:C)

Carnegie Capital Asset Management LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,023 shares of the company’s stock after selling 305 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Citigroup were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of C. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup in the 3rd quarter valued at approximately $25,000. GHP Investment Advisors Inc. raised its position in shares of Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. SkyView Investment Advisors LLC acquired a new stake in Citigroup during the 1st quarter worth approximately $28,000. AlphaMark Advisors LLC raised its holdings in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. Finally, Janiczek Wealth Management LLC raised its holdings in Citigroup by 115.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock worth $33,000 after buying an additional 429 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of several research analyst reports. HSBC raised their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Wednesday, January 3rd. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and raised their target price for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. Finally, Evercore ISI lifted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Stock Performance

Shares of C opened at $58.17 on Thursday. The company has a market cap of $111.41 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $58.11 and a 200-day moving average price of $50.98. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS. As a group, equities analysts forecast that Citigroup Inc. will post 5.73 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.64%. Citigroup’s payout ratio is currently 62.72%.

Citigroup Company 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.