Barry Investment Advisors LLC Has $1.12 Million Position in Citigroup Inc. (NYSE:C)

Barry Investment Advisors LLC reduced its position in shares of Citigroup Inc. (NYSE:C) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,818 shares of the company’s stock after selling 2,081 shares during the period. Barry Investment Advisors LLC’s holdings in Citigroup were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Wealth Management grew its stake in shares of Citigroup by 0.5% in the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after purchasing an additional 192 shares during the last quarter. Founders Capital Management lifted its holdings in Citigroup by 12.5% in the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after buying an additional 200 shares during the period. Cowa LLC lifted its holdings in Citigroup by 3.1% in the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after buying an additional 200 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in Citigroup by 0.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock worth $1,267,000 after buying an additional 200 shares during the period. Finally, Rossmore Private Capital lifted its holdings in Citigroup by 1.5% in the fourth quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock worth $710,000 after buying an additional 200 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Performance

NYSE:C traded down $0.78 during trading hours on Wednesday, reaching $63.96. The company had a trading volume of 5,732,680 shares, compared to its average volume of 15,819,651. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $64.98. The firm has a market cap of $122.00 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 0.95 and a beta of 1.49. The firm’s 50 day moving average price is $61.40 and its 200-day moving average price is $54.80.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the previous year, the firm posted $1.86 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Analyst Ratings Changes

Several research firms have recently issued reports on C. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Evercore ISI lifted their target price on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Oppenheimer lowered their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Jefferies Financial Group lifted their target price on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.85.

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.