Gabelli Funds LLC reduced its stake in shares of Citigroup Inc (NYSE:C) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,385 shares of the financial services provider’s stock after selling 202,661 shares during the period. Gabelli Funds LLC’s holdings in Citigroup were worth $44,823,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Citigroup in the second quarter worth about $1,034,000. Sawyer & Company Inc bought a new position in shares of Citigroup in the fourth quarter worth about $117,000. Baldwin Brothers Inc. MA increased its stake in shares of Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 750 shares during the period. Balentine LLC increased its stake in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the period. Finally, Acrospire Investment Management LLC increased its stake in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the period. Institutional investors own 79.62% of the company’s stock.
Citigroup Inc (C) opened at $77.08 on Friday. Citigroup Inc has a 12 month low of $56.55 and a 12 month high of $80.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $203,800.00, a PE ratio of 13.89, a P/E/G ratio of 1.12 and a beta of 1.54.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating 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%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. equities analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is 23.06%.
A number of equities analysts have recently commented on C shares. Raymond James Financial started coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Nomura lifted their price objective on Citigroup to $84.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 price objective on shares of Citigroup in a research note on Tuesday, December 12th. Wells Fargo & Co set a $95.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $79.65.
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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.
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