Hantz Financial Services Inc. Trims Stock Position in Citigroup Inc. (NYSE:C)

Hantz Financial Services Inc. decreased its position in Citigroup Inc. (NYSE:C) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,087 shares of the company’s stock after selling 1,279 shares during the period. Hantz Financial Services Inc.’s holdings in Citigroup were worth $2,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. POM Investment Strategies LLC acquired a new position in Citigroup in the second quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Citigroup during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the 2nd quarter worth approximately $31,000. Triad Wealth Partners LLC acquired a new stake in Citigroup in the 2nd quarter valued at approximately $32,000. Finally, GHP Investment Advisors Inc. raised its position in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after purchasing an additional 368 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 1.0 %

C stock opened at $70.87 on Friday. The company’s 50 day moving average is $65.30 and its two-hundred day moving average is $63.09. Citigroup Inc. has a twelve month low of $45.58 and a twelve month high of $71.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market cap of $134.03 billion, a P/E ratio of 20.54, a PEG ratio of 0.78 and a beta of 1.44.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts expect that Citigroup Inc. will post 5.85 earnings per share for the current fiscal 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 paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Analysts Set New Price Targets

Several research firms recently issued reports on C. Barclays boosted their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Evercore ISI boosted their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Bank of America raised their price objective 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. Oppenheimer upped their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus 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.