Citigroup Inc. (NYSE:C) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. trimmed its holdings in Citigroup Inc. (NYSE:C) by 8.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,592 shares of the company’s stock after selling 487 shares during the period. Harbour Investments Inc.’s holdings in Citigroup were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Jupiter Wealth Management LLC increased its holdings in shares of Citigroup by 15.2% in the third quarter. Jupiter Wealth Management LLC now owns 39,838 shares of the company’s stock valued at $2,494,000 after purchasing an additional 5,250 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Citigroup by 9.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock worth $128,000 after acquiring an additional 175 shares during the last quarter. Catalytic Wealth RIA LLC increased its stake in shares of Citigroup by 14.4% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 8,769 shares of the company’s stock worth $549,000 after acquiring an additional 1,103 shares during the last quarter. Peregrine Asset Advisers Inc. boosted its position in shares of Citigroup by 1,687.8% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 64,109 shares of the company’s stock valued at $4,013,000 after acquiring an additional 60,523 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of Citigroup by 1.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,224,081 shares of the company’s stock valued at $76,627,000 after purchasing an additional 22,790 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on C shares. Bank of America boosted their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley decreased their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company raised their target price on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays upped their price target on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI raised their price objective on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Citigroup Trading Up 0.9 %

NYSE:C opened at $68.76 on Friday. Citigroup Inc. has a 12-month low of $44.32 and a 12-month high of $70.20. The firm has a market cap of $130.04 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a fifty day moving average price of $63.21 and a 200 day moving average price of $62.60.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter last year, the business posted $1.52 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. Citigroup’s payout ratio is 64.93%.

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.