Geneos Wealth Management Inc. Cuts Stock Position in Citigroup Inc. (NYSE:C)

Geneos Wealth Management Inc. lessened its stake in shares of Citigroup Inc. (NYSE:C) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,026 shares of the company’s stock after selling 446 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Citigroup were worth $310,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Massachusetts Wealth Management grew its holdings in Citigroup by 0.5% during the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after acquiring an additional 192 shares during the period. Founders Capital Management grew its holdings in Citigroup by 12.5% during the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after acquiring an additional 200 shares during the period. Cowa LLC grew its holdings in Citigroup by 3.1% during the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after acquiring an additional 200 shares during the period. CENTRAL TRUST Co grew its holdings in Citigroup by 5.6% during the fourth quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock worth $198,000 after acquiring an additional 205 shares during the period. Finally, Mirador Capital Partners LP grew its holdings in Citigroup by 3.9% during the fourth quarter. Mirador Capital Partners LP now owns 6,078 shares of the company’s stock worth $313,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a report on Wednesday, January 10th. Piper Sandler raised Citigroup from a “neutral” rating to an “overweight” rating and upped their target price for the company from $56.00 to $63.00 in a report on Wednesday, February 14th. Evercore ISI upped their target price on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods upped their target price on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, Jefferies Financial Group upped their target price on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. One investment 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, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $62.56.

Citigroup Stock Performance

NYSE C opened at $59.68 on Friday. The business’s 50-day moving average price is $57.91 and its 200 day moving average price is $50.62. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The company has a market capitalization of $114.30 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The firm had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.55%. Citigroup’s dividend payout ratio (DPR) is 53.13%.

About Citigroup

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.