W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Citigroup (NYSE:C) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,870 shares of the financial services provider’s stock, valued at approximately $214,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Balentine LLC boosted its holdings in Citigroup by 20.2% in the 2nd 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 period. Sawyer & Company Inc bought a new stake in Citigroup in the 4th quarter valued at $117,000. Baldwin Brothers Inc. MA boosted its holdings in Citigroup by 88.4% in the 4th 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 period. Risk Paradigm Group LLC boosted its holdings in Citigroup by 692.0% in the 2nd 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 period. Finally, Lee Financial Co boosted its holdings in Citigroup by 57.0% in the 4th quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 813 shares during the period. 80.08% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on C. Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research note on Monday, January 29th. Morgan Stanley increased their price objective on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, February 2nd. Wells Fargo set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods cut shares of Citigroup from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $90.00 to $82.00 in a research note 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $79.69.
Shares of Citigroup stock opened at $73.47 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $188,822.75, a PE ratio of -23.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. Citigroup has a 1 year low of $56.55 and a 1 year high of $80.70.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. equities research analysts forecast that Citigroup will post 6.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) 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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