Prospera Financial Services Inc Sells 32,841 Shares of Citigroup Inc. (NYSE:C)

Prospera Financial Services Inc reduced its position in Citigroup Inc. (NYSE:C - Free Report) by 33.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 66,351 shares of the company's stock after selling 32,841 shares during the period. Prospera Financial Services Inc's holdings in Citigroup were worth $4,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MONECO Advisors LLC raised its stake in Citigroup by 2.9% during the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company's stock valued at $352,000 after purchasing an additional 157 shares during the period. Lifestyle Asset Management Inc. raised its stake in Citigroup by 4.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company's stock valued at $233,000 after purchasing an additional 160 shares during the period. Legacy Capital Group California Inc. raised its stake in Citigroup by 1.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company's stock valued at $1,053,000 after purchasing an additional 169 shares during the period. Grove Bank & Trust raised its stake in Citigroup by 7.1% during the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company's stock valued at $161,000 after purchasing an additional 170 shares during the period. Finally, Bridge Creek Capital Management LLC raised its stake in Citigroup by 0.3% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company's stock valued at $4,209,000 after purchasing an additional 175 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of NYSE C traded down $0.32 during mid-day trading on Wednesday, hitting $68.28. 10,457,732 shares of the stock were exchanged, compared to its average volume of 14,429,116. The company has a market cap of $129.14 billion, a P/E ratio of 19.79, a PEG ratio of 0.77 and a beta of 1.44. The stock's fifty day simple moving average is $63.84 and its two-hundred day simple moving average is $62.75. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $70.20.

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

Citigroup Announces Dividend

The company also recently disclosed 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. This represents a $2.24 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Monday, November 4th. Citigroup's payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on C. Barclays upped their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of Citigroup from $75.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. Wells Fargo & Company upped their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Evercore ISI upped their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, October 16th. Finally, Oppenheimer upped their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.00.

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.