Citigroup Inc. (NYSE:C) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in shares of Citigroup Inc. (NYSE:C) by 38.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 51,533 shares of the company’s stock after acquiring an additional 14,278 shares during the period. Ritholtz Wealth Management’s holdings in Citigroup were worth $2,651,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Snider Financial Group raised its holdings in shares of Citigroup by 96,645.9% in the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after acquiring an additional 84,407,589 shares during the last quarter. State Street Corp raised its stake in Citigroup by 1.7% in the 2nd quarter. State Street Corp now owns 83,964,367 shares of the company’s stock valued at $3,865,719,000 after purchasing an additional 1,442,952 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Citigroup by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 35,179,006 shares of the company’s stock valued at $1,646,775,000 after purchasing an additional 519,202 shares in the last quarter. Morgan Stanley boosted its stake in shares of Citigroup by 2.6% during the 4th quarter. Morgan Stanley now owns 25,852,678 shares of the company’s stock worth $1,169,317,000 after purchasing an additional 666,560 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Citigroup by 1.2% during the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock worth $824,710,000 after buying an additional 232,652 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research report on Wednesday, January 10th. Wells Fargo & Company lifted their price objective on Citigroup from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. Daiwa Capital Markets upgraded Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, December 18th. Finally, TheStreet raised shares of Citigroup from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.56.

Citigroup Trading Up 0.8 %

Shares of C stock traded up $0.49 during mid-day trading on Thursday, reaching $63.24. The company’s stock had a trading volume of 19,000,791 shares, compared to its average volume of 17,437,029. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $121.12 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.50. The company’s 50 day simple moving average is $56.06 and its 200-day simple moving average is $48.95. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.37.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($1.89). The company had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. On average, research analysts predict that Citigroup Inc. will post 5.83 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.35%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 53.13%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.