Mizuho Securities USA LLC Sells 23,357 Shares of Citigroup Inc. (NYSE:C)

Mizuho Securities USA LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 15.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 123,710 shares of the company’s stock after selling 23,357 shares during the period. Mizuho Securities USA LLC’s holdings in Citigroup were worth $7,744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in C. Price T Rowe Associates Inc. MD raised its stake in Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after acquiring an additional 17,525,484 shares during the period. Swedbank AB bought a new stake in Citigroup during the 1st quarter worth approximately $253,286,000. Acadian Asset Management LLC raised its stake in Citigroup by 527.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock worth $158,521,000 after acquiring an additional 2,100,135 shares during the period. Caxton Associates LP raised its stake in Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after acquiring an additional 1,988,494 shares during the period. Finally, Capital World Investors raised its stake in Citigroup by 26.1% during the 1st quarter. Capital World Investors now owns 5,280,342 shares of the company’s stock worth $333,929,000 after acquiring an additional 1,092,980 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.5 %

Shares of C opened at $68.28 on Thursday. Citigroup Inc. has a 12-month low of $44.56 and a 12-month high of $70.20. The firm has a fifty day moving average price of $63.84 and a 200-day moving average price of $62.75. The firm has a market capitalization of $129.14 billion, a P/E ratio of 19.79, a P/E/G 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.

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

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.28%. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on C. Oppenheimer increased their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Evercore ISI increased their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group cut 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. Finally, Wells Fargo & Company increased their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

About Citigroup

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.