Janney Capital Management LLC Sells 13,373 Shares of Citigroup Inc (C)

Janney Capital Management LLC cut its stake in shares of Citigroup Inc (NYSE:C) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 183,786 shares of the financial services provider’s stock after selling 13,373 shares during the quarter. Janney Capital Management LLC’s holdings in Citigroup were worth $9,568,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Mercantile Trust Co. raised its holdings in shares of Citigroup by 69.5% in the fourth quarter. First Mercantile Trust Co. now owns 4,830 shares of the financial services provider’s stock valued at $251,000 after buying an additional 1,980 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Citigroup by 16.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 8,633 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 1,210 shares during the last quarter. Shelton Capital Management raised its holdings in Citigroup by 15.0% during the 4th quarter. Shelton Capital Management now owns 48,297 shares of the financial services provider’s stock worth $2,514,000 after purchasing an additional 6,300 shares during the last quarter. Rock Point Advisors LLC raised its holdings in Citigroup by 8.8% during the 4th quarter. Rock Point Advisors LLC now owns 192,149 shares of the financial services provider’s stock worth $10,003,000 after purchasing an additional 15,597 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in Citigroup by 2.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 458,150 shares of the financial services provider’s stock worth $23,851,000 after purchasing an additional 9,576 shares during the last quarter. 73.99% of the stock is owned by institutional investors.

Several brokerages have weighed in on C. TheStreet cut Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, December 11th. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Tuesday, October 16th. Standpoint Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Credit Suisse Group dropped their price objective on Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, December 7th. Finally, Macquarie raised Citigroup from a “neutral” rating to an “outperform” rating in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $77.20.

Citigroup stock opened at $62.01 on Monday. The stock has a market cap of $159.37 billion, a PE ratio of 9.32, a P/E/G ratio of 0.78 and a beta of 1.67. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $78.42. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 1.00.

Citigroup (NYSE:C) last posted its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.06. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 EPS. Equities analysts forecast that Citigroup Inc will post 7.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Monday, February 4th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.90%. Citigroup’s payout ratio is currently 27.07%.

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About Citigroup

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.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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