Mount Yale Investment Advisors LLC Lowers Stock Holdings in Citigroup Inc. (NYSE:C)

Mount Yale Investment Advisors LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 17.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,504 shares of the company's stock after selling 17,733 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Citigroup were worth $5,290,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in C. Aspiriant LLC purchased a new position in Citigroup in the first quarter valued at $219,000. Wealthcare Advisory Partners LLC grew its position in shares of Citigroup by 7.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 20,147 shares of the company's stock worth $1,274,000 after buying an additional 1,449 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Citigroup by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 116,728 shares of the company's stock worth $7,382,000 after buying an additional 4,132 shares during the period. Atlantic Union Bankshares Corp raised its holdings in Citigroup by 11.4% in the first quarter. Atlantic Union Bankshares Corp now owns 20,909 shares of the company's stock valued at $1,322,000 after acquiring an additional 2,137 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new position in Citigroup in the first quarter worth approximately $11,246,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on C shares. The Goldman Sachs Group decreased their price target on Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, September 11th. Bank of America increased their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. BMO Capital Markets boosted their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a "market perform" rating in a research report on Thursday, July 11th. Argus upped their target price on shares of Citigroup from $70.00 to $72.00 and gave the company a "buy" rating in a report on Monday, July 15th. Finally, Barclays lifted 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $71.06.

Citigroup Price Performance

Shares of NYSE C traded down $1.24 during midday trading on Friday, hitting $61.76. The company had a trading volume of 9,154,493 shares, compared to its average volume of 14,373,945. The firm has a market capitalization of $117.80 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The business has a 50-day simple moving average of $61.67 and a two-hundred day simple moving average of $61.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup's quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. Equities research analysts anticipate that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.63%. Citigroup's dividend payout ratio is currently 62.75%.

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.