Aviso Wealth Management Sells 923 Shares of Citigroup Inc. (NYSE:C)

Aviso Wealth Management decreased its stake in shares of Citigroup Inc. (NYSE:C) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,596 shares of the company’s stock after selling 923 shares during the quarter. Aviso Wealth Management’s holdings in Citigroup were worth $672,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. POM Investment Strategies LLC bought a new stake in Citigroup in the second quarter valued at about $25,000. Beacon Capital Management LLC increased its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Triad Wealth Partners LLC bought a new stake in Citigroup in the second quarter valued at about $32,000. Capital Advisors Ltd. LLC increased its stake in Citigroup by 93.2% in the second quarter. Capital Advisors Ltd. LLC now owns 572 shares of the company’s stock valued at $36,000 after acquiring an additional 276 shares during the period. Finally, GPS Wealth Strategies Group LLC increased its stake in Citigroup by 48.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 581 shares of the company’s stock valued at $37,000 after acquiring an additional 190 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $61.87 on Friday. The company has a market cap of $118.04 billion, a PE ratio of 17.33, a PEG ratio of 0.69 and a beta of 1.45. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The company’s 50-day moving average is $60.85 and its two-hundred day moving average is $61.64.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period in the prior year, the business posted $1.37 earnings per share. Citigroup’s revenue was up 3.6% compared to the same quarter last year. Equities analysts anticipate that Citigroup Inc. will post 5.79 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, August 5th. This is a boost from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.62%. Citigroup’s payout ratio is 62.75%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. Morgan Stanley boosted their price target on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their price target on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Evercore ISI boosted their price target on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research report on Wednesday, July 3rd. Finally, Argus boosted their price target on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.