Citigroup (C) Holdings Reduced by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. lowered its holdings in Citigroup (NYSE:C) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,731 shares of the financial services provider’s stock after selling 1,665 shares during the quarter. Citigroup makes up 1.7% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 15th largest position. Financial Sense Advisors Inc.’s holdings in Citigroup were worth $3,775,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sawyer & Company Inc purchased a new position in shares of Citigroup in the fourth quarter valued at $117,000. Baldwin Brothers Inc. MA increased its position in shares of Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after buying an additional 750 shares in the last quarter. Balentine LLC increased its position in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares in the last quarter. Lee Financial Co increased its position in shares of Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after buying an additional 813 shares in the last quarter. Finally, Risk Paradigm Group LLC increased its position in shares of Citigroup by 692.0% in the second quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after buying an additional 1,993 shares in the last quarter. 80.21% of the stock is owned by institutional investors.

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Shares of Citigroup (NYSE C) opened at $73.47 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $188,488.63, a PE ratio of -23.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. Citigroup has a fifty-two week low of $56.55 and a fifty-two week high of $80.70.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. equities research analysts forecast that Citigroup will post 6.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -41.29%.

A number of brokerages have recently weighed in on C. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a research report on Monday, January 29th. Morgan Stanley raised their price target on Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Friday, February 2nd. Wells Fargo set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods cut Citigroup from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $90.00 to $82.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Citigroup currently has an average rating of “Hold” and a consensus target price of $79.69.

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Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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