ArrowMark Colorado Holdings LLC Lowers Stake in Citigroup Inc. (NYSE:C)

ArrowMark Colorado Holdings LLC lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,475 shares of the company’s stock after selling 215 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Citigroup were worth $5,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. POM Investment Strategies LLC bought a new position in Citigroup in the 2nd quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in Citigroup in the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup in the second quarter worth approximately $31,000. Triad Wealth Partners LLC purchased a new stake in shares of Citigroup during the second quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC increased its position in shares of Citigroup by 1,139.7% during the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after acquiring an additional 48,484 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on C. Wells Fargo & Company increased their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Barclays lifted their price objective on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer upped their target price on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley reduced their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their price objective 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $73.75.

Citigroup Price Performance

Shares of Citigroup stock opened at $71.39 on Tuesday. The stock’s fifty day moving average is $65.30 and its 200 day moving average is $63.08. Citigroup Inc. has a one year low of $46.40 and a one year high of $71.64. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $135.02 billion, a P/E ratio of 20.69, a P/E/G ratio of 0.79 and a beta of 1.44.

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

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

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.