Los Angeles Capital Management LLC Has $598,000 Holdings in Citigroup Inc. (NYSE:C)

Los Angeles Capital Management LLC decreased its stake in Citigroup Inc. (NYSE:C) by 99.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. First Foundation Advisors increased its position in shares of Citigroup by 20.6% in the 1st quarter. First Foundation Advisors now owns 2,742 shares of the company’s stock valued at $173,000 after buying an additional 468 shares in the last quarter. Nicolet Advisory Services LLC acquired a new stake in shares of Citigroup during the first quarter worth about $207,000. Edgestream Partners L.P. lifted its holdings in shares of Citigroup by 55.4% during the 1st quarter. Edgestream Partners L.P. now owns 42,941 shares of the company’s stock valued at $2,716,000 after purchasing an additional 15,312 shares in the last quarter. Catalytic Wealth RIA LLC acquired a new position in shares of Citigroup in the 1st quarter valued at approximately $494,000. Finally, Beaumont Financial Advisors LLC bought a new stake in Citigroup during the 1st quarter worth approximately $241,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $68.76 on Friday. The firm has a 50-day moving average price of $63.21 and a two-hundred day moving average price of $62.60. Citigroup Inc. has a 12-month low of $44.32 and a 12-month high of $70.20. The company has a market capitalization of $130.04 billion, a P/E ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share 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 during the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the prior year, the company posted $1.52 EPS. The company’s revenue was up .9% compared to the same quarter last year. Analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

Analyst Ratings Changes

A number of research firms have issued reports on C. Evercore ISI increased their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley reduced their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Oppenheimer lifted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Bank of America increased their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.