S&CO Inc. Decreases Position in Citigroup Inc. (NYSE:C)

S&CO Inc. cut its stake in shares of Citigroup Inc. (NYSE:C) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,641 shares of the company’s stock after selling 420 shares during the period. S&CO Inc.’s holdings in Citigroup were worth $2,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in Citigroup by 2.4% in the third quarter. Thrivent Financial for Lutherans now owns 145,663 shares of the company’s stock worth $9,118,000 after acquiring an additional 3,482 shares in the last quarter. Claro Advisors LLC grew its holdings in Citigroup by 18.5% in the third quarter. Claro Advisors LLC now owns 12,559 shares of the company’s stock valued at $786,000 after purchasing an additional 1,965 shares during the period. Concord Asset Management LLC VA boosted its stake in shares of Citigroup by 6.5% in the third quarter. Concord Asset Management LLC VA now owns 9,475 shares of the company’s stock worth $593,000 after acquiring an additional 576 shares during the last quarter. Schear Investment Advisers LLC boosted its stake in Citigroup by 16.6% during the third quarter. Schear Investment Advisers LLC now owns 31,218 shares of the company’s stock worth $1,954,000 after buying an additional 4,443 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Citigroup by 2.6% during the third quarter. Natixis Advisors LLC now owns 1,585,941 shares of the company’s stock worth $99,280,000 after buying an additional 39,784 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.9 %

C opened at $68.76 on Friday. The firm’s fifty day simple moving average is $63.21 and its 200 day simple moving average is $62.60. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12 month low of $44.32 and a 12 month high of $70.20. The stock has a market capitalization of $130.04 billion, a P/E ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44.

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 net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on C shares. Bank of America boosted their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Evercore ISI upped their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their target price on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Barclays increased their target price on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. One investment 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. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

About Citigroup

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.