Kestra Private Wealth Services LLC Has $3.35 Million Position in Citigroup Inc. (NYSE:C)

Kestra Private Wealth Services LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 65,136 shares of the company’s stock after selling 432 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Citigroup were worth $3,351,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in C. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Citigroup in the third quarter valued at approximately $209,000. Simplicity Solutions LLC lifted its stake in shares of Citigroup by 17.6% in the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after buying an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Citigroup by 56.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after buying an additional 449,310 shares during the last quarter. GFS Advisors LLC bought a new position in Citigroup during the fourth quarter worth $2,003,000. Finally, Sound Income Strategies LLC increased its position in Citigroup by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after acquiring an additional 21,440 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Down 1.5 %

Shares of NYSE C opened at $61.33 on Wednesday. The firm’s 50-day simple moving average is $59.36 and its 200 day simple moving average is $52.35. The company has a market cap of $117.46 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. 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 Inc. has a 12-month low of $38.17 and a 12-month high of $63.90.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts expect that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.46%. Citigroup’s payout ratio is presently 62.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Barclays boosted their target price on shares of Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $62.85.

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.