Financial Enhancement Group LLC bought a new stake in shares of Citigroup Inc (NYSE:C) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 79,278 shares of the financial services provider’s stock, valued at approximately $5,767,000. Citigroup accounts for approximately 2.3% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 17th biggest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Leisure Capital Management increased its position in shares of Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 59 shares during the last quarter. Halbert Hargrove Russell LLC boosted 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 valued at $317,000 after acquiring an additional 74 shares during the period. Usca Ria LLC boosted 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 valued at $2,299,000 after acquiring an additional 90 shares during the period. Davis R M Inc. boosted 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 valued at $284,000 after acquiring an additional 92 shares during the period. Finally, Hartland & Co. LLC boosted 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 valued at $554,000 after acquiring an additional 97 shares during the period. 80.93% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of Citigroup in a report on Wednesday, January 17th. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Friday. Deutsche Bank set a $74.00 target price on Citigroup and gave the stock a “neutral” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.90.
Shares of Citigroup Inc (NYSE C) traded down $1.85 during mid-day trading on Friday, reaching $77.02. The company’s stock had a trading volume of 18,427,516 shares, compared to its average volume of 14,950,000. The stock has a market capitalization of $203,640.00, a P/E ratio of 13.88, a P/E/G ratio of 1.45 and a beta of 1.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a 52 week low of $56.14 and a 52 week high of $80.70.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion for 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%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. equities research analysts anticipate that Citigroup Inc will post 6.4 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.
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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.
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