Main Street Financial Solutions LLC Sells 240 Shares of Citigroup Inc. (NYSE:C)

Main Street Financial Solutions LLC lessened its stake in shares of Citigroup Inc. (NYSE:C) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,782 shares of the company’s stock after selling 240 shares during the period. Main Street Financial Solutions LLC’s holdings in Citigroup were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rossmore Private Capital grew its holdings in shares of Citigroup by 14.0% in the third quarter. Rossmore Private Capital now owns 11,430 shares of the company’s stock valued at $716,000 after purchasing an additional 1,400 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Citigroup by 20.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 161,538 shares of the company’s stock worth $10,112,000 after buying an additional 27,512 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Citigroup in the 3rd quarter worth about $2,951,000. Prime Capital Investment Advisors LLC raised its position in shares of Citigroup by 7.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 19,784 shares of the company’s stock valued at $1,238,000 after buying an additional 1,431 shares in the last quarter. Finally, Savvy Advisors Inc. raised its position in shares of Citigroup by 33.7% during the 3rd quarter. Savvy Advisors Inc. now owns 10,956 shares of the company’s stock valued at $686,000 after buying an additional 2,764 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on C. 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. Barclays boosted their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Oppenheimer raised their price target on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group cut their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Morgan Stanley lowered their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.06.

Citigroup Stock Performance

C stock opened at $68.13 on Friday. Citigroup Inc. has a 1-year low of $44.32 and a 1-year high of $70.20. The business has a 50-day moving average price of $62.87 and a 200 day moving average price of $62.51. The company has a market capitalization of $128.85 billion, a P/E ratio of 19.75, a PEG ratio of 0.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

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 research analysts forecast that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.29%. Citigroup’s dividend payout ratio is presently 64.93%.

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.