Barometer Capital Management Inc. reduced its position in shares of Citigroup (NYSE:C) by 46.6% in the fourth quarter, HoldingsChannel reports. The firm owned 260,425 shares of the financial services provider’s stock after selling 227,400 shares during the period. Citigroup comprises approximately 1.7% of Barometer Capital Management Inc.’s holdings, making the stock its 15th biggest position. Barometer Capital Management Inc.’s holdings in Citigroup were worth $19,378,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC grew its position in Citigroup by 2.8% in the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after acquiring an additional 5,125 shares in the last quarter. Principal Financial Group Inc. grew its position in Citigroup by 17.3% in the third quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock worth $354,216,000 after acquiring an additional 717,320 shares in the last quarter. Gs Investments Inc. purchased a new position in Citigroup in the second quarter worth $301,000. Foster & Motley Inc. purchased a new position in Citigroup in the third quarter worth $281,000. Finally, Prudential Financial Inc. grew its position in Citigroup by 17.0% in the third quarter. Prudential Financial Inc. now owns 7,514,341 shares of the financial services provider’s stock worth $546,594,000 after acquiring an additional 1,092,980 shares in the last quarter. Hedge funds and other institutional investors own 80.08% of the company’s stock.
C has been the subject of several research reports. Nomura upped their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Wells Fargo set a $95.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Finally, Credit Suisse Group restated a “buy” rating and set a $83.00 price target on shares of Citigroup in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $79.69.
Shares of Citigroup (NYSE:C) opened at $72.70 on Tuesday. 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 has a 1 year low of $56.55 and a 1 year high of $80.70. The stock has a market cap of $188,822.75, a PE ratio of -23.45, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51.
Citigroup (NYSE:C) last issued 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 firm 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 quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. equities research analysts anticipate that Citigroup will post 6.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -41.29%.
COPYRIGHT VIOLATION WARNING: “Citigroup (C) Stake Lowered by Barometer Capital Management Inc.” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/20/citigroup-c-stake-lowered-by-barometer-capital-management-inc.html.
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.
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup (NYSE:C).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.