Philip James Wealth Mangement LLC Sells 247 Shares of Citigroup Inc. (NYSE:C)

Philip James Wealth Mangement LLC lessened its position in Citigroup Inc. (NYSE:C) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 10,957 shares of the company’s stock after selling 247 shares during the period. Philip James Wealth Mangement LLC’s holdings in Citigroup were worth $771,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Citigroup in the fourth quarter valued at $37,000. JFS Wealth Advisors LLC grew its stake in shares of Citigroup by 12.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $321,000 after buying an additional 502 shares during the last quarter. Monument Capital Management grew its stake in shares of Citigroup by 28.5% during the fourth quarter. Monument Capital Management now owns 4,533 shares of the company’s stock valued at $319,000 after buying an additional 1,006 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Citigroup by 32.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 12,594 shares of the company’s stock valued at $887,000 after buying an additional 3,086 shares during the last quarter. Finally, Csenge Advisory Group grew its stake in shares of Citigroup by 2.3% during the fourth quarter. Csenge Advisory Group now owns 11,532 shares of the company’s stock valued at $812,000 after buying an additional 256 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $84.62 on Monday. The company has a market capitalization of $160.04 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.65 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $75.69 and a 200 day moving average of $67.78. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.67.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup announced that its board has approved a share repurchase program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on C. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Evercore ISI raised their price objective on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, January 16th. Finally, Bank of America raised their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.93.

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.