Los Angeles Capital Management LLC Trims Stock Holdings in Citigroup Inc. (NYSE:C)

Los Angeles Capital Management LLC decreased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 99.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,560 shares of the company's stock after selling 1,722,619 shares during the quarter. Los Angeles Capital Management LLC's holdings in Citigroup were worth $598,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. First Foundation Advisors raised its stake in shares of Citigroup by 20.6% in the first quarter. First Foundation Advisors now owns 2,742 shares of the company's stock worth $173,000 after buying an additional 468 shares during the period. Nicolet Advisory Services LLC purchased a new stake in Citigroup during the 1st quarter valued at approximately $207,000. Edgestream Partners L.P. raised its position in shares of Citigroup by 55.4% during the first quarter. Edgestream Partners L.P. now owns 42,941 shares of the company's stock valued at $2,716,000 after buying an additional 15,312 shares during the last quarter. Catalytic Wealth RIA LLC purchased a new position in shares of Citigroup in the first quarter worth $494,000. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Citigroup during the first quarter worth $241,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Up 0.9 %

Shares of NYSE:C traded up $0.61 during trading hours on Friday, hitting $68.76. The company's stock had a trading volume of 15,373,056 shares, compared to its average volume of 14,469,813. The firm's fifty day moving average price is $63.21 and its 200 day moving average price is $62.60. Citigroup Inc. has a 52 week low of $44.32 and a 52 week high of $70.20. The company has a market capitalization of $130.04 billion, a price-to-earnings ratio of 19.93, a P/E/G 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.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $19.86 billion. During the same period in the prior year, the business posted $1.52 EPS. The firm's quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts expect that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.26%. Citigroup's dividend payout ratio is presently 64.93%.

Analyst Upgrades and Downgrades

C has been the subject of several research analyst reports. Oppenheimer raised their price target on Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Friday. Evercore ISI upped their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, October 16th. Barclays lifted their price objective 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. Finally, The Goldman Sachs Group reduced 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and an average target price of $73.00.

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.