MUFG Americas Holdings Corp increased its stake in shares of Citigroup (NYSE:C) by 21.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,907 shares of the financial services provider’s stock after buying an additional 50,935 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Citigroup were worth $19,501,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sawyer & Company Inc purchased a new stake in Citigroup in the fourth quarter valued at $117,000. Baldwin Brothers Inc. MA boosted its holdings 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 valued at $119,000 after purchasing an additional 750 shares during the last quarter. Risk Paradigm Group LLC boosted its holdings 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 valued at $145,000 after purchasing an additional 1,733 shares during the last quarter. Bedel Financial Consulting Inc. purchased a new stake in Citigroup in the first quarter valued at $133,000. Finally, Lee Financial Co boosted its holdings in Citigroup by 57.0% in the fourth 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 last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on C shares. ValuEngine lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Friday, February 2nd. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. UBS raised shares of Citigroup from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $80.00 in a report on Thursday, April 5th. Finally, Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price target on the stock in a report on Friday, April 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $80.92.
Citigroup opened at $71.56 on Friday, according to Marketbeat. Citigroup has a twelve month low of $71.96 and a twelve month high of $72.75. 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 stock has a market cap of $184.92 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.04 and a beta of 1.55.
Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. sell-side analysts expect that Citigroup will post 6.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Monday, May 7th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.79%. Citigroup’s dividend payout ratio (DPR) is presently 24.02%.
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.
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.