Joel Isaacson & Co. LLC Sells 479 Shares of Citigroup Inc. (NYSE:C)

Joel Isaacson & Co. LLC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,234 shares of the company’s stock after selling 479 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Citigroup were worth $202,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tandem Capital Management Corp ADV increased its holdings in shares of Citigroup by 1.1% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 19,688 shares of the company’s stock worth $1,245,000 after purchasing an additional 205 shares during the period. Blackston Financial Advisory Group LLC bought a new position in shares of Citigroup during the 3rd quarter worth about $280,000. Ballentine Partners LLC increased its stake in Citigroup by 49.1% in the third quarter. Ballentine Partners LLC now owns 22,460 shares of the company’s stock valued at $1,406,000 after acquiring an additional 7,392 shares during the period. Garrison Point Advisors LLC increased its stake in Citigroup by 7.7% in the third quarter. Garrison Point Advisors LLC now owns 3,664 shares of the company’s stock valued at $229,000 after acquiring an additional 261 shares during the period. Finally, apricus wealth LLC increased its stake in Citigroup by 2.4% in the third quarter. apricus wealth LLC now owns 43,495 shares of the company’s stock valued at $2,723,000 after acquiring an additional 1,040 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE:C opened at $61.76 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The stock has a market capitalization of $117.80 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.74 and a beta of 1.44. The business has a 50-day moving average price of $61.67 and a two-hundred day moving average price of $61.96.

Citigroup (NYSE:C) last announced 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. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the business posted $1.52 earnings per share. Citigroup’s revenue was up .9% compared to the same quarter last year. Equities analysts predict that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.63%. Citigroup’s dividend payout ratio is presently 62.75%.

Analyst Upgrades and Downgrades

C has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price 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. Barclays upped their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. BMO Capital Markets upped their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Bank of America upped their target price 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. Finally, Morgan Stanley cut their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.06.

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.