Levin Capital Strategies L.P. decreased its holdings in shares of Citigroup Inc (NYSE:C) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,871,857 shares of the financial services provider’s stock after selling 338,772 shares during the period. Citigroup makes up about 4.9% of Levin Capital Strategies L.P.’s portfolio, making the stock its 2nd largest position. Levin Capital Strategies L.P. owned approximately 0.15% of Citigroup worth $288,105,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in C. Balentine LLC raised its holdings 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 valued at $108,000 after purchasing an additional 272 shares during the last quarter. Acrospire Investment Management LLC raised its holdings 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 valued at $114,000 after purchasing an additional 300 shares during the last quarter. Sawyer & Company Inc purchased a new stake in shares of Citigroup in the fourth quarter valued at about $117,000. Baldwin Brothers Inc. MA raised its holdings 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 valued at $119,000 after purchasing an additional 750 shares during the last quarter. Finally, Risk Paradigm Group LLC raised its holdings in shares of Citigroup by 692.0% in the second quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,993 shares during the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.
Citigroup Inc (C) opened at $76.11 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The firm has a market cap of $195,607.72, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. Citigroup Inc has a 1 year low of $56.55 and a 1 year high of $80.70.
Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. sell-side analysts expect that Citigroup Inc will post 6.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were given a dividend of $0.32 per share. The ex-dividend date was 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 presently -41.29%.
Several brokerages have recently commented on C. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the company a “neutral” rating in a report on Wednesday, January 17th. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Credit Suisse Group restated a “buy” rating and set a $86.00 price objective on shares of Citigroup in a report on Thursday, January 4th. Finally, JPMorgan Chase & Co. set a $80.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company. Citigroup presently has an average rating of “Hold” and an average target price of $79.65.
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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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