Boltwood Capital Management grew its holdings in shares of Citigroup Inc. (NYSE:C) by 15.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,635 shares of the company’s stock after acquiring an additional 995 shares during the quarter. Boltwood Capital Management’s holdings in Citigroup were worth $555,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Nachman Norwood & Parrott Inc lifted its holdings in shares of Citigroup by 2.1% in the fourth quarter. Nachman Norwood & Parrott Inc now owns 7,746 shares of the company’s stock valued at $478,000 after buying an additional 160 shares during the period. Pacifica Partners Inc. lifted its holdings in shares of Citigroup by 0.8% in the fourth quarter. Pacifica Partners Inc. now owns 20,446 shares of the company’s stock valued at $1,246,000 after buying an additional 167 shares during the period. SP Asset Management lifted its holdings in shares of Citigroup by 2.5% in the fourth quarter. SP Asset Management now owns 7,078 shares of the company’s stock valued at $443,000 after buying an additional 173 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of Citigroup by 3.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 5,525 shares of the company’s stock valued at $341,000 after buying an additional 190 shares during the period. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Citigroup by 15.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,524 shares of the company’s stock valued at $94,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 72.99% of the company’s stock.
C stock traded down $1.07 during mid-day trading on Thursday, hitting $71.62. The stock had a trading volume of 340,858 shares, compared to its average volume of 20,366,527. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1-year low of $38.76 and a 1-year high of $76.13. The company has a fifty day moving average of $70.67 and a 200 day moving average of $58.18. The stock has a market capitalization of $149.45 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.25 and a beta of 1.95.
Citigroup (NYSE:C) last issued its earnings results on Thursday, January 14th. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.74. Citigroup had a return on equity of 6.63% and a net margin of 13.17%. The company had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.71 billion. During the same period in the prior year, the firm posted $1.90 EPS. The business’s revenue was down 10.2% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc. will post 6.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Monday, May 3rd will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, April 30th. Citigroup’s dividend payout ratio is 41.80%.
Several equities research analysts have recently commented on C shares. Edward Jones downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Monday, March 29th. Wells Fargo & Company upped their target price on Citigroup from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, March 8th. DA Davidson upped their target price on Citigroup from $77.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, January 19th. Royal Bank of Canada upped their target price on Citigroup from $66.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 19th. Finally, Barclays upped their target price on Citigroup from $77.00 to $84.00 and gave the company an “equal weight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and a consensus price target of $72.66.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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