Citigroup Inc. (NYSE:C) Shares Sold by Widmann Financial Services Inc.

Widmann Financial Services Inc. trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,467 shares of the company’s stock after selling 656 shares during the quarter. Widmann Financial Services Inc.’s holdings in Citigroup were worth $906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in C. POM Investment Strategies LLC bought a new position in Citigroup in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Citigroup in the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup in the second quarter valued at approximately $31,000. Triad Wealth Partners LLC acquired a new position in shares of Citigroup during the second quarter valued at approximately $32,000. Finally, GHP Investment Advisors Inc. raised its holdings in Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on C. Barclays increased 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. Morgan Stanley decreased their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company lifted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Evercore ISI increased their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Price Performance

Shares of C opened at $70.87 on Friday. The business’s 50-day moving average is $65.30 and its 200-day moving average is $63.10. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $134.03 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 0.78 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $45.58 and a fifty-two week high of $71.19.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Equities research analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.16%. 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.