Citigroup Inc. $C Shares Sold by Oak Thistle LLC

Oak Thistle LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 59.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,512 shares of the company’s stock after selling 15,332 shares during the period. Oak Thistle LLC’s holdings in Citigroup were worth $1,067,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Keystone Financial Services bought a new position in Citigroup in the 2nd quarter valued at about $216,000. Brighton Jones LLC boosted its holdings in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Hayek Kallen Investment Management increased its stake in shares of Citigroup by 125.0% during the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after acquiring an additional 8,630 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Citigroup by 3.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock worth $21,955,000 after purchasing an additional 9,644 shares in the last quarter. Finally, D.B. Root & Company LLC acquired a new stake in Citigroup in the first quarter worth approximately $203,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of several research analyst reports. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. UBS Group reaffirmed a “neutral” rating and set a $108.00 target price on shares of Citigroup in a report on Monday, November 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $107.00 to $124.00 in a research report on Friday, December 12th. Finally, TD Cowen lifted their price objective on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $114.50.

Citigroup Stock Performance

Shares of C opened at $112.80 on Friday. The company has a 50-day moving average of $102.41 and a two-hundred day moving average of $95.28. The stock has a market cap of $201.83 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.55 and a beta of 1.21. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $113.85.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.60 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s payout ratio is currently 33.71%.

Citigroup 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.