Running Point Capital Advisors LLC Lowers Stake in Citigroup Inc. (NYSE:C)

Running Point Capital Advisors LLC reduced its position in Citigroup Inc. (NYSE:C) by 21.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,617 shares of the company’s stock after selling 1,500 shares during the period. Running Point Capital Advisors LLC’s holdings in Citigroup were worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. POM Investment Strategies LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup during the third quarter worth about $28,000. Beacon Capital Management LLC raised its holdings in shares of Citigroup by 85.5% in 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 position in shares of Citigroup in the 2nd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup during the 2nd quarter worth approximately $32,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

C opened at $68.28 on Thursday. The company’s 50-day moving average price is $63.84 and its 200 day moving average price is $62.75. Citigroup Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $70.20. The firm has a market cap of $129.14 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 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 the consensus estimate of $19.86 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid 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 yield of 3.28%. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Ratings Changes

Several research firms have recently issued reports on C. Oppenheimer increased their price objective on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Bank of America raised their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley decreased their target price on 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 price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI increased their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $73.00.

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.