Hennessy Advisors Inc. Sells 3,400 Shares of Citigroup Inc. (NYSE:C)

Hennessy Advisors Inc. decreased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,800 shares of the company's stock after selling 3,400 shares during the period. Hennessy Advisors Inc.'s holdings in Citigroup were worth $8,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in C. Brookstone Capital Management boosted its holdings in shares of Citigroup by 340.6% in the fourth quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock worth $2,536,000 after buying an additional 27,856 shares during the period. Inspire Trust Co. N.A. boosted its holdings in shares of Citigroup by 34.8% in the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company's stock worth $4,852,000 after buying an additional 20,000 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Citigroup by 2.4% in the third quarter. HighTower Advisors LLC now owns 354,294 shares of the company's stock worth $22,236,000 after buying an additional 8,301 shares during the period. KBC Group NV boosted its holdings in shares of Citigroup by 1.8% in the third quarter. KBC Group NV now owns 1,138,511 shares of the company's stock worth $71,270,000 after buying an additional 20,291 shares during the period. Finally, FNY Investment Advisers LLC boosted its holdings in shares of Citigroup by 168.7% in the fourth quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company's stock worth $1,376,000 after buying an additional 12,280 shares during the period. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

C traded up $1.54 during trading on Friday, reaching $80.05. 22,070,430 shares of the company's stock were exchanged, compared to its average volume of 10,393,282. Citigroup Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $80.45. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The business has a 50 day moving average price of $71.22 and a 200 day moving average price of $65.52. The company has a market capitalization of $151.40 billion, a P/E ratio of 23.20, a PEG ratio of 0.59 and a beta of 1.43.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.12. The company had revenue of $19.58 billion during the quarter, compared to analysts' expectations of $19.51 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business's revenue was up 12.3% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. As a group, analysts predict that Citigroup Inc. will post 5.88 earnings per share for the current fiscal year.

Citigroup declared that its board has initiated a share buyback plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.80%. Citigroup's payout ratio is presently 64.93%.

Analyst Upgrades and Downgrades

C has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday. Evercore ISI increased their price target on shares of Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research report on Thursday. Oppenheimer reduced their price target 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. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Finally, Wells Fargo & Company increased their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target of $83.93.

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.