Ninepoint Partners LP boosted its holdings in Citigroup (NYSE:C) by 99.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 219,800 shares of the financial services provider’s stock after buying an additional 109,800 shares during the period. Citigroup makes up 1.2% of Ninepoint Partners LP’s portfolio, making the stock its 20th biggest holding. Ninepoint Partners LP’s holdings in Citigroup were worth $16,355,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Balentine LLC lifted its stake in shares of 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 in the last quarter. Sawyer & Company Inc acquired a new position in shares of Citigroup in the 4th quarter valued at about $117,000. Baldwin Brothers Inc. MA lifted its stake in shares of 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 in the last quarter. Lee Financial Co lifted its stake in shares of 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 in the last quarter. Finally, Omnia Family Wealth LLC lifted its stake in shares of Citigroup by 187.7% in the 4th quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 1,500 shares in the last quarter. 80.08% of the stock is currently owned by hedge funds and other institutional investors.
C stock opened at $72.92 on Wednesday. The company has a market capitalization of $186,843.78, a P/E ratio of 13.64, a P/E/G ratio of 1.05 and a beta of 1.51. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a 52-week low of $56.55 and a 52-week high of $80.70.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same period in the previous year, the company posted $1.14 EPS. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts predict that Citigroup will post 6.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.76%. Citigroup’s dividend payout ratio is presently -41.29%.
C has been the topic of several research analyst reports. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective on the stock. in a research note on Wednesday, November 29th. Nomura lifted their price objective on Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Citigroup in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Finally, Wells Fargo set a $95.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $79.69.
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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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