Factorial Partners LLC Has $1.29 Million Holdings in Citigroup Inc. (NYSE:C)

Factorial Partners LLC trimmed its stake in Citigroup Inc. (NYSE:C - Free Report) by 76.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,600 shares of the company's stock after selling 65,400 shares during the period. Factorial Partners LLC's holdings in Citigroup were worth $1,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in C. POM Investment Strategies LLC acquired a new stake in Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in Citigroup during the third quarter worth about $28,000. Beacon Capital Management LLC increased its holdings in shares of Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company's stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Citigroup during the 2nd quarter worth $31,000. Finally, Triad Wealth Partners LLC bought a new stake in Citigroup in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on C shares. The Goldman Sachs Group dropped their target price on shares of Citigroup from $75.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. Barclays increased 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. Bank of America lifted their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Morgan Stanley lowered their target price on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. 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 report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.00.

Citigroup Stock Down 0.5 %

NYSE C traded down $0.32 during midday trading on Wednesday, hitting $68.28. 10,457,731 shares of the company traded hands, compared to its average volume of 14,428,955. The company has a market cap of $129.14 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company's 50-day simple moving average is $63.62 and its 200-day simple moving average is $62.71. Citigroup Inc. has a 52 week low of $44.56 and a 52 week high of $70.20.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.28%. Citigroup's dividend payout ratio is currently 64.93%.

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.