First City Capital Management Inc. Trims Holdings in Citigroup Inc. (NYSE:C)

First City Capital Management Inc. lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,549 shares of the company’s stock after selling 499 shares during the period. First City Capital Management Inc.’s holdings in Citigroup were worth $531,000 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 the business. GAMMA Investing LLC grew its stake in shares of Citigroup by 12.2% in the fourth quarter. GAMMA Investing LLC now owns 30,381 shares of the company’s stock worth $2,139,000 after acquiring an additional 3,308 shares during the last quarter. Versant Capital Management Inc boosted its stake in Citigroup by 64.7% in the 4th quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock worth $165,000 after purchasing an additional 920 shares in the last quarter. Principal Financial Group Inc. grew its position in Citigroup by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 3,728,261 shares of the company’s stock valued at $233,389,000 after purchasing an additional 383,534 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Citigroup during the 3rd quarter valued at about $614,000. Finally, Inspire Trust Co. N.A. raised its holdings in Citigroup by 34.8% in the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock traded up $0.55 during trading hours on Friday, reaching $70.49. 6,203,658 shares of the company traded hands, compared to its average volume of 7,919,422. The firm has a 50-day moving average price of $69.14 and a 200 day moving average price of $64.53. The company has a market cap of $133.32 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.80 and a beta of 1.45. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $73.38.

Citigroup (NYSE:C) last posted its quarterly earnings results 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. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. The Goldman Sachs Group boosted their price target on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Oppenheimer reduced their price objective on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday. Barclays upped their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.33.

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.