Calamos Wealth Management LLC lowered its stake in Citigroup (NYSE:C) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,583 shares of the financial services provider’s stock after selling 1,519 shares during the quarter. Calamos Wealth Management LLC’s holdings in Citigroup were worth $7,112,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Advisors Capital Management LLC raised its holdings in 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 during the last quarter. Principal Financial Group Inc. raised its holdings in 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 during the last quarter. Gs Investments Inc. acquired a new stake in shares of Citigroup during the 2nd quarter worth $301,000. Foster & Motley Inc. acquired a new stake in shares of Citigroup during the 3rd quarter worth $281,000. Finally, Prudential Financial Inc. increased its holdings in shares of Citigroup by 17.0% during the 3rd quarter. Prudential Financial Inc. now owns 7,514,341 shares of the financial services provider’s stock worth $546,594,000 after buying an additional 1,092,980 shares during the last quarter. 80.08% of the stock is currently owned by hedge funds and other institutional investors.
C has been the subject of a number of research analyst reports. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Wells Fargo set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Credit Suisse Group restated a “buy” rating and set a $86.00 price objective on shares of Citigroup in a report on Thursday, January 4th. Nomura upped their price objective on Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective for the company in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $79.69.
Shares of Citigroup stock opened at $73.32 on Thursday. Citigroup has a twelve month low of $56.55 and a twelve month high of $80.70. The stock has a market capitalization of $187,409.20, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.06 and a beta of 1.51. 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 announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the firm earned $1.14 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts anticipate that Citigroup will post 6.41 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 issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.75%. Citigroup’s dividend payout ratio is currently -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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