Courier Capital LLC Has $4.16 Million Stake in Citigroup Inc. (NYSE:C)

Courier Capital LLC lowered its stake in Citigroup Inc. (NYSE:C) by 2.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 59,061 shares of the company’s stock after selling 1,219 shares during the quarter. Courier Capital LLC’s holdings in Citigroup were worth $4,157,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in C. American Century Companies Inc. grew its holdings in Citigroup by 2.3% in the 2nd quarter. American Century Companies Inc. now owns 339,400 shares of the company’s stock valued at $21,538,000 after buying an additional 7,778 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Citigroup by 16.0% during the second quarter. HBK Sorce Advisory LLC now owns 10,950 shares of the company’s stock worth $695,000 after purchasing an additional 1,507 shares during the period. Parallel Advisors LLC boosted its stake in Citigroup by 82.7% in the 2nd quarter. Parallel Advisors LLC now owns 28,001 shares of the company’s stock valued at $1,777,000 after buying an additional 12,671 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Citigroup by 60.2% during the second quarter. Thoroughbred Financial Services LLC now owns 23,800 shares of the company’s stock valued at $1,510,000 after acquiring an additional 8,946 shares during the period. Finally, Wealthspire Advisors LLC grew its stake in Citigroup by 13.0% during the second quarter. Wealthspire Advisors LLC now owns 3,977 shares of the company’s stock worth $252,000 after buying an additional 457 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 2.2 %

Citigroup stock traded up $1.54 during mid-day trading on Monday, reaching $72.94. The company’s stock had a trading volume of 16,685,970 shares, compared to its average volume of 14,596,574. The business’s 50 day simple moving average is $70.19 and its 200 day simple moving average is $65.07. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.29. The company has a market capitalization of $137.95 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

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 analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.07%. Citigroup’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on C shares. Oppenheimer lowered their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Bank of America lifted their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley lowered 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. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.13.

Citigroup 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.