Mission Wealth Management LP acquired a new stake in Citigroup (NYSE:C) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,125 shares of the financial services provider’s stock, valued at approximately $211,000.
Several other hedge funds and other institutional investors have also bought and sold shares of C. Sawyer & Company Inc purchased a new position in shares of Citigroup in the fourth quarter valued at approximately $117,000. Baldwin Brothers Inc. MA lifted its stake in Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 750 shares during the last quarter. Bedel Financial Consulting Inc. purchased a new position in Citigroup in the first quarter worth approximately $133,000. Risk Paradigm Group LLC lifted its stake in Citigroup by 829.2% in the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Lee Financial Co lifted its stake in Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 813 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on C shares. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price target for the company in a research note on Friday, April 6th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Morgan Stanley lifted their price target on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, March 15th. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a research note on Monday, January 29th. Finally, HSBC upgraded shares of Citigroup from a “hold” rating to a “buy” rating and lifted their price target for the stock from $82.00 to $85.00 in a research note on Wednesday, April 11th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $80.92.
Shares of NYSE:C opened at $72.86 on Monday. The company has a market cap of $187.26 billion, a PE ratio of 12.90, a P/E/G ratio of 1.05 and a beta of 1.55. Citigroup has a twelve month low of $59.10 and a twelve month high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30.
Citigroup (NYSE:C) last announced its earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. equities research analysts forecast that Citigroup will post 6.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Monday, May 7th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.76%. Citigroup’s payout ratio is 24.02%.
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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