SVA Wealth Management LLC Sells 576 Shares of Citigroup Inc (NYSE:C)

SVA Wealth Management LLC decreased its holdings in shares of Citigroup Inc (NYSE:C) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,789 shares of the financial services provider’s stock after selling 576 shares during the quarter. SVA Wealth Management LLC’s holdings in Citigroup were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Rehmann Capital Advisory Group boosted its position in Citigroup by 103.1% during the first quarter. Rehmann Capital Advisory Group now owns 4,389 shares of the financial services provider’s stock valued at $273,000 after buying an additional 2,228 shares during the period. Icon Wealth Partners LLC boosted its holdings in shares of Citigroup by 11.2% during the 2nd quarter. Icon Wealth Partners LLC now owns 5,714 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 576 shares in the last quarter. Advisor Partners LLC boosted its holdings in shares of Citigroup by 8.2% during the 2nd quarter. Advisor Partners LLC now owns 78,622 shares of the financial services provider’s stock valued at $5,506,000 after acquiring an additional 5,980 shares in the last quarter. Strategy Asset Managers LLC acquired a new stake in shares of Citigroup during the 1st quarter valued at $55,000. Finally, Sanders Morris Harris LLC acquired a new stake in shares of Citigroup during the 2nd quarter valued at $514,000. 76.56% of the stock is currently owned by institutional investors and hedge funds.

In other Citigroup news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total transaction of $465,225.00. Following the completion of the transaction, the insider now owns 93,848 shares in the company, valued at approximately $5,821,391.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

C has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Barclays boosted their target price on Citigroup from $83.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $74.00 to $86.00 in a research report on Friday, July 26th. BMO Capital Markets lowered Citigroup to a “hold” rating in a research report on Friday, July 26th. Finally, Goldman Sachs Group raised Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 target price for the company in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $79.12.

C stock traded down $0.59 during mid-day trading on Monday, reaching $69.80. 372,306 shares of the company traded hands, compared to its average volume of 12,906,766. The stock has a market cap of $156.55 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 0.75 and a beta of 1.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. The firm’s 50 day moving average price is $65.92 and its 200 day moving average price is $66.57.

Citigroup (NYSE:C) last released its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. The business had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $18.49 billion. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. On average, analysts anticipate that Citigroup Inc will post 7.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. This is an increase from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s payout ratio is 30.68%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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