Comerica Bank cut its holdings in Citigroup Inc (NYSE:C) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 718,162 shares of the financial services provider’s stock after selling 21,719 shares during the quarter. Comerica Bank’s holdings in Citigroup were worth $57,058,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Leisure Capital Management increased its holdings in shares of Citigroup by 1.6% in the second 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 period. Carnegie Capital Asset Management LLC increased its holdings in shares of Citigroup by 0.5% in the second quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after purchasing an additional 101 shares during the period. Frontier Wealth Management LLC increased its holdings in shares of Citigroup by 1.3% in the second quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 140 shares during the period. Keel Point LLC increased its holdings in shares of Citigroup by 1.0% in the second quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 143 shares during the period. Finally, Regal Investment Advisors LLC increased its holdings in shares of Citigroup by 4.2% in the second quarter. Regal Investment Advisors LLC now owns 3,958 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 158 shares during the period. Institutional investors own 79.62% of the company’s stock.
A number of brokerages have recently weighed in on C. Macquarie increased their price objective on Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a report on Monday, February 12th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, February 9th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price objective on the stock. in a report on Monday, February 5th. Finally, Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $79.65.
Shares of Citigroup Inc (NYSE:C) opened at $76.27 on Friday. The company has a market capitalization of $197,889.98, a PE ratio of 14.45, a P/E/G ratio of 1.12 and a beta of 1.54. Citigroup Inc has a 1-year low of $56.55 and a 1-year high of $80.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. analysts predict that Citigroup Inc will post 6.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given 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 1.68%. Citigroup’s dividend payout ratio is currently -41.29%.
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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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