Coastwise Capital Group LLC Sells 324 Shares of Citigroup Inc. (NYSE:C)

Coastwise Capital Group LLC trimmed its holdings in Citigroup Inc. (NYSE:C) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,612 shares of the company’s stock after selling 324 shares during the quarter. Coastwise Capital Group LLC’s holdings in Citigroup were worth $854,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Orion Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth about $26,000. Frazier Financial Advisors LLC bought a new stake in shares of Citigroup during the 4th quarter worth approximately $29,000. Rakuten Securities Inc. bought a new stake in Citigroup in the 4th quarter valued at $35,000. Tennessee Valley Asset Management Partners bought a new position in Citigroup during the 4th quarter worth $39,000. Finally, Venturi Wealth Management LLC increased its position in Citigroup by 52.5% during the 4th quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock worth $41,000 after buying an additional 274 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 3.7 %

Shares of NYSE:C traded down $2.26 during trading on Tuesday, hitting $59.17. The stock had a trading volume of 16,951,857 shares, compared to its average volume of 15,242,107. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $64.98. The company has a market capitalization of $112.86 billion, a PE ratio of 17.51, a PEG ratio of 0.93 and a beta of 1.48. The firm’s fifty day moving average is $61.83 and its 200 day moving average is $56.74. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the previous year, the firm earned $1.86 EPS. Citigroup’s revenue was down 1.6% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 5.96 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were paid a $0.53 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.58%. Citigroup’s payout ratio is 62.72%.

Analysts Set New Price Targets

Several analysts recently weighed in on C shares. Evercore ISI raised their price objective on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. HSBC increased their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Keefe, Bruyette & Woods raised their price objective on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Finally, Jefferies Financial Group raised their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.66.

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.