New Mexico Educational Retirement Board lifted its stake in Citigroup Inc (NYSE:C) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 261,926 shares of the financial services provider’s stock after acquiring an additional 11,800 shares during the period. Citigroup accounts for approximately 0.7% of New Mexico Educational Retirement Board’s holdings, making the stock its 22nd biggest position. New Mexico Educational Retirement Board’s holdings in Citigroup were worth $19,490,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. Balentine LLC grew its position in 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 acquiring an additional 272 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the period. Sawyer & Company Inc bought a new stake in shares of Citigroup during the 4th quarter worth $117,000. Baldwin Brothers Inc. MA boosted its holdings in shares of Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after buying an additional 750 shares during the period. Finally, Risk Paradigm Group LLC boosted its holdings in shares of Citigroup by 692.0% during the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock worth $153,000 after buying an additional 1,993 shares during the period. Institutional investors and hedge funds own 80.21% of the company’s stock.
A number of analysts have weighed in on C shares. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays increased their price objective on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Vetr cut shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective for the company. in a research note on Wednesday, November 29th. Vertical Group cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, Jefferies Group reissued a “hold” rating and set a $83.00 price objective on shares of Citigroup in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $79.69.
Shares of Citigroup Inc (NYSE:C) traded down $0.13 during mid-day trading on Thursday, reaching $73.34. The company had a trading volume of 12,747,232 shares, compared to its average volume of 16,739,527. The company has a market capitalization of $193,960.00, a PE ratio of 13.48, a PEG ratio of 1.09 and a beta of 1.51. Citigroup Inc has a 1-year low of $56.55 and a 1-year high of $80.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last posted 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 firm had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 EPS. sell-side analysts predict that Citigroup Inc will post 6.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is currently 23.53%.
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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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