Citigroup Inc. $C Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,856 shares of the company’s stock after selling 12,304 shares during the period. Citigroup comprises about 1.6% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 6th biggest position. Hudson Edge Investment Partners Inc.’s holdings in Citigroup were worth $9,628,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMB Wealth Management raised its position in Citigroup by 4.1% during the third quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock worth $266,000 after acquiring an additional 103 shares during the last quarter. Tritonpoint Wealth LLC raised its holdings in Citigroup by 2.1% in the 3rd quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock valued at $506,000 after acquiring an additional 104 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its stake in shares of Citigroup by 3.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after purchasing an additional 109 shares during the period. Highline Wealth Partners LLC boosted its holdings in shares of Citigroup by 35.3% during the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock worth $42,000 after purchasing an additional 109 shares during the last quarter. Finally, Fullcircle Wealth LLC grew its position in shares of Citigroup by 0.9% in the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE C opened at $113.88 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $124.17. The company has a market capitalization of $203.76 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.56 and a beta of 1.18. The business has a 50-day moving average of $111.47 and a 200-day moving average of $101.74.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company earned $1.34 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi highlights progress on strategic streamlining and stabilizing core businesses — management messaging and visible execution reassure investors about earnings quality and the turnaround plan. Citigroup Signals Stabilizing Core Businesses
• Positive Sentiment: Cost-control moves in Europe: reports that Citigroup is considering trimming fixed-pay allowances for key UK staff suggest management is pursuing expense discipline that could help margins. JPMorgan and Citigroup consider fixed pay cuts for senior UK executives
• Neutral Sentiment: CEO Jane Fraser’s public stance against a proposed 10% cap on credit-card rates reduces the perceived risk of a near-term regulatory hit to card yields and loan economics — a mixed-sign for reputation but supportive for core profitability assumptions. Reuters: Citigroup CEO does not expect Congress to approve cap
• Neutral Sentiment: Citi research calling attention to Japan bond market turmoil and risks of large Treasury selling underscores the bank’s macro research prominence (client franchise benefit) but also flags potential market volatility that could pressure trading and markets revenue. Bloomberg: JGB turmoil risks up to $130 billion Treasury selling, Citi says
• Negative Sentiment: Underlying growth mix still a concern — while Citigroup’s last reported quarter beat EPS expectations (helping sentiment), revenue missed consensus and profitability metrics remain moderate; investors may be cycling gains into the day given remaining top-line weakness and macro sensitivity. (See company quarterly results commentary in recent filings.)

Analysts Set New Price Targets

C has been the topic of several recent analyst reports. Bank of America increased their target price on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Wells Fargo & Company set a $150.00 price objective on shares of Citigroup in a report on Monday, January 5th. UBS Group reaffirmed a “neutral” rating and set a $132.00 price target on shares of Citigroup in a research report on Thursday, January 15th. HSBC reaffirmed a “buy” rating and set a $87.00 price target on shares of Citigroup in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group boosted their price target on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $125.56.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.