Citigroup Inc. (NYSE:C) Holdings Decreased by Linscomb Wealth Inc.

Linscomb Wealth Inc. cut its position in shares of Citigroup Inc. (NYSE:C) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,216 shares of the company’s stock after selling 550 shares during the quarter. Linscomb Wealth Inc.’s holdings in Citigroup were worth $9,152,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems raised its position in shares of Citigroup by 2.6% during the 4th quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after purchasing an additional 3,808 shares during the period. TD Asset Management Inc boosted its holdings in shares of Citigroup by 21.8% during the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock valued at $49,776,000 after acquiring an additional 173,137 shares during the period. Lloyd Advisory Services LLC. grew its position in shares of Citigroup by 355.9% during the first quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock worth $1,209,000 after acquiring an additional 14,922 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Citigroup by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Citigroup by 13.4% in the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock valued at $12,739,000 after purchasing an additional 23,774 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $57.93 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The firm’s 50 day moving average price is $62.22 and its 200 day moving average price is $61.33. The firm has a market cap of $110.50 billion, a PE ratio of 16.23, a PEG ratio of 0.64 and a beta of 1.45.

Citigroup (NYSE:C) last announced its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. As a group, research analysts expect that Citigroup Inc. will post 5.82 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, August 5th. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.87%. Citigroup’s payout ratio is 62.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Oppenheimer raised their price target on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada boosted their price target on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Evercore ISI raised their target price on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd. BMO Capital Markets increased their price objective on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Finally, Morgan Stanley boosted their target price on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $68.06.

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.