Pinnacle Associates Ltd. decreased its position in Citigroup (NYSE:C) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 544,349 shares of the financial services provider’s stock after selling 3,019 shares during the period. Pinnacle Associates Ltd.’s holdings in Citigroup were worth $40,505,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Bank of Hawaii grew its holdings in shares of Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 2,242 shares in the last quarter. Advisors Capital Management LLC grew its holdings in shares of Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after acquiring an additional 5,125 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Citigroup by 17.3% in the 3rd quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock valued at $354,216,000 after acquiring an additional 717,320 shares in the last quarter. Gs Investments Inc. bought a new position in shares of Citigroup in the 2nd quarter valued at about $301,000. Finally, Foster & Motley Inc. bought a new position in shares of Citigroup in the 3rd quarter valued at about $281,000. 80.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on C. Vetr cut Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target for the company. in a report on Wednesday, November 29th. Nomura lifted their price target on Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Credit Suisse Group reiterated a “buy” rating and set a $83.00 price target on shares of Citigroup in a report on Tuesday, December 12th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Finally, Wells Fargo set a $95.00 price target on Citigroup and gave the stock a “buy” rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. Citigroup presently has an average rating of “Hold” and an average price target of $79.69.
Citigroup (NYSE C) opened at $73.47 on Friday. Citigroup has a 1 year low of $56.55 and a 1 year high of $80.70. The company has a market cap of $188,822.75, a P/E ratio of -23.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate 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 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 research analysts anticipate that Citigroup will post 6.41 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were paid 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 dividend yield of 1.74%. Citigroup’s payout ratio is presently -41.29%.
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Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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