Citigroup Inc. (NYSE:C) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC lowered its position in shares of Citigroup Inc. (NYSE:C) by 0.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 213,404 shares of the company’s stock after selling 443 shares during the quarter. Citigroup comprises about 1.1% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 25th largest position. Easterly Investment Partners LLC’s holdings in Citigroup were worth $13,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. POM Investment Strategies LLC acquired a new stake in Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Citigroup during the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC raised its position in shares of Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

C stock traded up $0.88 during trading on Friday, reaching $68.99. 4,728,248 shares of the stock were exchanged, compared to its average volume of 14,396,235. Citigroup Inc. has a twelve month low of $41.28 and a twelve month high of $70.09. The company has a market capitalization of $131.62 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The stock has a 50 day simple moving average of $62.30 and a 200-day simple moving average of $62.31. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.87 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on C. The Goldman Sachs Group dropped their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Barclays increased their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Piper Sandler increased their price target on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. BMO Capital Markets increased their price objective on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Finally, Morgan Stanley decreased their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.06.

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.