Northwest & Ethical Investments L.P. Sells 5,063 Shares of Citigroup Inc. (NYSE:C)

Northwest & Ethical Investments L.P. decreased its position in shares of Citigroup Inc. (NYSE:C) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,720 shares of the company’s stock after selling 5,063 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Citigroup were worth $4,051,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in shares of Citigroup by 527.5% in the second quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock worth $158,521,000 after purchasing an additional 2,100,135 shares during the period. Caxton Associates LP raised its position in shares of Citigroup by 96.1% in the 2nd quarter. Caxton Associates LP now owns 3,952,428 shares of the company’s stock valued at $250,821,000 after buying an additional 1,937,038 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Citigroup by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after acquiring an additional 913,231 shares during the period. Fisher Asset Management LLC boosted its position in shares of Citigroup by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company’s stock worth $1,813,544,000 after acquiring an additional 911,694 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Citigroup in the second quarter valued at approximately $35,038,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on C shares. Barclays raised their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Bank of America lifted their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley decreased their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Evercore ISI increased their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Stock Performance

Shares of C opened at $70.16 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $132.69 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The firm’s fifty day simple moving average is $64.98 and its two-hundred day simple moving average is $62.99. Citigroup Inc. has a 12 month low of $44.56 and a 12 month high of $71.19.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. As a group, analysts predict that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given 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 yield of 3.19%. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

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.