PSI Advisors LLC Cuts Stock Position in Citigroup Inc. (NYSE:C)

PSI Advisors LLC trimmed its position in Citigroup Inc. (NYSE:C) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,967 shares of the company’s stock after selling 840 shares during the period. PSI Advisors LLC’s holdings in Citigroup were worth $1,187,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. POM Investment Strategies LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the third quarter valued at $28,000. Beacon Capital Management LLC boosted 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup during the 2nd quarter worth $31,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Citigroup in the 2nd quarter valued at about $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Oppenheimer decreased their price objective on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a report on Wednesday, October 16th. Barclays boosted their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Argus raised their price objective on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Morgan Stanley reduced 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. Finally, The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Stock Performance

Shares of C opened at $63.07 on Thursday. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The company’s 50 day simple moving average is $61.54 and its 200 day simple moving average is $61.94. The company has a market capitalization of $120.30 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the company posted $1.52 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts predict that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 yield of 3.55%. Citigroup’s payout ratio is 62.75%.

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.