PSI Advisors LLC Cuts Stock Holdings in Citigroup Inc. (NYSE:C)

PSI Advisors LLC lessened its position in Citigroup Inc. (NYSE:C) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,107 shares of the company’s stock after selling 860 shares during the quarter. PSI Advisors LLC’s holdings in Citigroup were worth $1,275,000 at the end of the most recent reporting period.

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

Citigroup Stock Up 2.2 %

Citigroup stock opened at $72.94 on Tuesday. The firm has a market capitalization of $137.95 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.80 and a beta of 1.43. The stock’s fifty day simple moving average is $70.40 and its 200-day simple moving average is $65.15. Citigroup Inc. has a twelve month low of $50.51 and a twelve month high of $74.29. 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 issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 EPS. As a group, equities analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on C shares. Evercore ISI raised their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note 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 research report on Wednesday, October 16th. Wells Fargo & Company boosted their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America increased their price target on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Truist Financial began coverage on shares of Citigroup in a research report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.