Waterloo Capital L.P. Sells 248 Shares of Citigroup Inc. (NYSE:C)

Waterloo Capital L.P. cut its holdings in Citigroup Inc. (NYSE:C) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,347 shares of the company’s stock after selling 248 shares during the period. Waterloo Capital L.P.’s holdings in Citigroup were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Gryphon Financial Partners LLC boosted its holdings in shares of Citigroup by 215.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 15,561 shares of the company’s stock worth $800,000 after buying an additional 10,632 shares during the last quarter. ING Groep NV purchased a new position in Citigroup in the fourth quarter valued at about $226,000. Gladstone Institutional Advisory LLC grew its position in shares of Citigroup by 23.2% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 12,684 shares of the company’s stock valued at $652,000 after acquiring an additional 2,388 shares during the period. Corient Private Wealth LLC increased its stake in shares of Citigroup by 1.8% during the 4th quarter. Corient Private Wealth LLC now owns 398,801 shares of the company’s stock worth $20,514,000 after purchasing an additional 7,139 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in shares of Citigroup in the 4th quarter worth approximately $264,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

NYSE:C opened at $63.02 on Friday. The firm has a market capitalization of $120.21 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 0.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $61.40 and a 200 day moving average of $61.41. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. The company had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, research analysts expect that Citigroup Inc. will post 5.81 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.55%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is 62.75%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI boosted their target price on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Royal Bank of Canada increased their target price on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Oppenheimer boosted their price target on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Argus lifted their price objective on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.25.

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.