Aspen Wealth Strategies LLC Sells 1,088 Shares of Citigroup Inc. (NYSE:C)

Aspen Wealth Strategies LLC cut its position in Citigroup Inc. (NYSE:C) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,859 shares of the company’s stock after selling 1,088 shares during the quarter. Aspen Wealth Strategies LLC’s holdings in Citigroup were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in C. Allen Capital Group LLC purchased a new position in shares of Citigroup in the fourth quarter valued at $246,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Citigroup by 18.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 914,907 shares of the company’s stock valued at $47,063,000 after purchasing an additional 144,101 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new position in shares of Citigroup in the fourth quarter valued at $553,000. Imprint Wealth LLC grew its position in shares of Citigroup by 15.9% in the fourth quarter. Imprint Wealth LLC now owns 6,010 shares of the company’s stock valued at $309,000 after purchasing an additional 826 shares in the last quarter. Finally, SVB Wealth LLC grew its position in shares of Citigroup by 11.9% in the fourth quarter. SVB Wealth LLC now owns 33,003 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,512 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

NYSE C traded down $1.58 on Tuesday, hitting $56.98. 23,205,742 shares of the company traded hands, compared to its average volume of 17,342,977. The company has a market capitalization of $109.13 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 0.93 and a beta of 1.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average price is $57.99 and its 200-day moving average price is $50.81. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Equities analysts expect that Citigroup Inc. will post 5.73 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.72%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on C. Evercore ISI boosted their target price on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Barclays boosted their target price on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Wednesday, January 3rd. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Daiwa Capital Markets raised Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

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.