Adams Asset Advisors LLC Trims Position in Citigroup Inc. (NYSE:C)

Adams Asset Advisors LLC trimmed its position in Citigroup Inc. (NYSE:C) by 6.2% during the 4th quarter, HoldingsChannel reports. The firm owned 175,116 shares of the company’s stock after selling 11,599 shares during the period. Citigroup comprises about 1.6% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Adams Asset Advisors LLC’s holdings in Citigroup were worth $12,326,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Citigroup in the 3rd quarter worth approximately $31,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup in the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Citigroup in the second quarter worth $31,000. GHP Investment Advisors Inc. raised its position in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after purchasing an additional 368 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after buying an additional 260 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on C shares. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Evercore ISI lifted their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Oppenheimer dropped their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.13.

Citigroup Trading Up 1.0 %

NYSE:C traded up $0.73 during midday trading on Monday, hitting $72.13. 6,875,401 shares of the company traded hands, compared to its average volume of 13,181,036. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm’s fifty day moving average is $70.19 and its 200-day moving average is $65.07. The firm has a market capitalization of $136.42 billion, a P/E ratio of 20.91, a P/E/G ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $74.29.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. The business 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 firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. On average, sell-side analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.11%. Citigroup’s payout ratio is 64.93%.

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.