FDO Partners LLC bought a new position in shares of Citigroup Inc (NYSE:C) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,764 shares of the financial services provider’s stock, valued at approximately $1,001,000.
A number of other large investors also recently made changes to their positions in the stock. Leisure Capital Management grew its holdings in Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares during the period. Halbert Hargrove Russell LLC grew its holdings in Citigroup by 1.6% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 74 shares during the period. Usca Ria LLC grew its holdings in Citigroup by 0.3% during the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after acquiring an additional 90 shares during the period. Davis R M Inc. grew its holdings in Citigroup by 2.2% during the 2nd quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 92 shares during the period. Finally, Hartland & Co. LLC grew its holdings in Citigroup by 1.2% during the 2nd quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 97 shares during the period. 78.53% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on C shares. Wells Fargo & Co reiterated a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating and issued a $75.00 target price on shares of Citigroup in a research note on Wednesday, September 27th. Credit Suisse Group restated a “buy” rating and issued a $83.00 target price (up from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Nomura raised their target price on Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, BidaskClub downgraded Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $79.30.
Citigroup Inc (NYSE C) opened at $78.30 on Friday. The stock has a market capitalization of $198,892.28, a PE ratio of -25.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.56. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 12 month low of $55.23 and a 12 month high of $78.44.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. equities research analysts expect that Citigroup Inc will post 6.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.
ILLEGAL ACTIVITY WARNING: “FDO Partners LLC Takes Position in Citigroup Inc (C)” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/20/fdo-partners-llc-takes-position-in-citigroup-inc-c.html.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.