NBC Securities Inc. Sells 1,305 Shares of Citigroup Inc. (NYSE:C)

NBC Securities Inc. reduced its position in Citigroup Inc. (NYSE:CFree Report) by 17.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,265 shares of the company’s stock after selling 1,305 shares during the period. NBC Securities Inc.’s holdings in Citigroup were worth $322,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Citigroup during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. purchased a new stake in Citigroup during the 4th quarter valued at $35,000. AlphaMark Advisors LLC lifted its holdings in shares of Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 300 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of Citigroup in the 4th quarter worth $39,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Citigroup by 52.5% in the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock worth $41,000 after acquiring an additional 274 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group raised their target price on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Evercore ISI boosted their target price on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $62.85.

Read Our Latest Stock Report on C

Citigroup Stock Performance

NYSE:C opened at $63.58 on Wednesday. The stock has a 50-day moving average price of $60.74 and a 200 day moving average price of $53.97. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.97. The stock has a market capitalization of $121.28 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.95 and a beta of 1.49.

Citigroup (NYSE:CGet Free Report) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same period last year, the firm posted $1.86 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Equities research analysts forecast that Citigroup Inc. will post 5.98 EPS 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 issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

About Citigroup

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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