Citigroup Inc. (NYSE:C) Shares Sold by Certified Advisory Corp

Certified Advisory Corp decreased its holdings in Citigroup Inc. (NYSE:C) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,818 shares of the company’s stock after selling 290 shares during the quarter. Certified Advisory Corp’s holdings in Citigroup were worth $427,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of C. Bank of New York Mellon Corp boosted its stake in Citigroup by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock valued at $1,904,262,000 after purchasing an additional 250,716 shares in the last quarter. Legal & General Group Plc boosted its stake in Citigroup by 5.5% during the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after buying an additional 913,231 shares in the last quarter. Greenhaven Associates Inc. grew its holdings in Citigroup by 1.5% during the third quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock worth $1,056,900,000 after acquiring an additional 242,545 shares during the period. Dimensional Fund Advisors LP raised its position in Citigroup by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock worth $590,106,000 after acquiring an additional 168,070 shares in the last quarter. Finally, First Pacific Advisors LP lifted its holdings in Citigroup by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 6,849,991 shares of the company’s stock valued at $434,700,000 after acquiring an additional 138,136 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

C has been the topic of several recent research reports. Bank of America lifted their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley cut their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer upped their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Stock Performance

Shares of NYSE C opened at $69.84 on Friday. Citigroup Inc. has a one year low of $44.56 and a one year high of $70.20. The business’s 50-day moving average price is $64.32 and its two-hundred day moving average price is $62.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $132.09 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 earnings per share. Analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.21%. Citigroup’s dividend payout ratio is currently 64.93%.

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.