Mutual of America Capital Management LLC Trims Position in Citigroup Inc. (NYSE:C)

Mutual of America Capital Management LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 265,151 shares of the company’s stock after selling 4,399 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Citigroup were worth $16,598,000 at the end of the most recent quarter.

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

Citigroup Stock Performance

Citigroup stock opened at $68.76 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $130.04 billion, a PE ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a 50 day moving average price of $63.21 and a 200-day moving average price of $62.60. Citigroup Inc. has a fifty-two week low of $44.32 and a fifty-two week high of $70.20.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the previous year, the business posted $1.52 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.26%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on C. Barclays raised their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Morgan Stanley dropped their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Oppenheimer upped their target price on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Bank of America lifted their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Evercore ISI boosted their price objective on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.00.

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.