Citigroup Inc. (NYSE:C) Position Lessened by Nisa Investment Advisors LLC

by · The Markets Daily

Nisa Investment Advisors LLC reduced its stake in shares of Citigroup Inc. (NYSE:C – Free Report) by 0.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 474,827 shares of the company’s stock after selling 4,176 shares during the period. Nisa Investment Advisors LLC’s holdings in Citigroup were worth $33,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in C. Pacer Advisors Inc. increased its holdings in shares of Citigroup by 5.5% in the 2nd quarter. Pacer Advisors Inc. now owns 135,821 shares of the company’s stock worth $8,619,000 after acquiring an additional 7,058 shares during the period. ProShare Advisors LLC grew its position in Citigroup by 5.1% in the 2nd quarter. ProShare Advisors LLC now owns 387,318 shares of the company’s stock worth $24,579,000 after purchasing an additional 18,669 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in Citigroup by 2,621.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 12,382 shares of the company’s stock worth $786,000 after purchasing an additional 11,927 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Citigroup by 14.9% during the second quarter. Epoch Investment Partners Inc. now owns 3,913 shares of the company’s stock valued at $248,000 after buying an additional 506 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Citigroup by 25.6% during the second quarter. EverSource Wealth Advisors LLC now owns 7,078 shares of the company’s stock worth $459,000 after buying an additional 1,441 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Performance

Shares of C opened at $81.74 on Wednesday. The company has a 50-day moving average of $71.68 and a two-hundred day moving average of $65.77. The stock has a market cap of $154.59 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a one year low of $51.95 and a one year high of $81.85.

Citigroup (NYSE:C – Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc. will post 7.49 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s payout ratio is 37.65%.

Citigroup announced that its board has initiated a share repurchase program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on C shares. Morgan Stanley raised their target price on Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Bank of America raised their price target on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Oppenheimer decreased their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $83.93.

Get Our Latest Research Report on C

Citigroup Profile

(Free Report)

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.

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