Flynn Zito Capital Management LLC Takes Position in Citigroup Inc. (NYSE:C)

Flynn Zito Capital Management LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,652 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors also recently made changes to their positions in C. Ninety One UK Ltd lifted its holdings in shares of Citigroup by 27.1% during the 4th quarter. Ninety One UK Ltd now owns 732,615 shares of the company’s stock valued at $37,686,000 after acquiring an additional 156,285 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of Citigroup by 2.3% in the 4th quarter. Waterfront Wealth Inc. now owns 19,816 shares of the company’s stock valued at $1,019,000 after purchasing an additional 448 shares in the last quarter. Court Place Advisors LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at about $257,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Citigroup by 68.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,795 shares of the company’s stock valued at $195,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Citigroup by 12.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 213,153 shares of the company’s stock valued at $10,965,000 after buying an additional 23,998 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 0.3 %

Shares of Citigroup stock traded up $0.15 during midday trading on Thursday, reaching $58.32. 12,020,969 shares of the company’s stock traded hands, compared to its average volume of 17,216,607. The company has a market cap of $111.70 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. The company’s 50 day simple moving average is $58.11 and its 200 day simple moving average is $50.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. Equities analysts expect that Citigroup Inc. will post 5.91 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.64%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a report on Wednesday, January 10th. Evercore ISI increased their target price on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Barclays increased their target price on shares of Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup Profile

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.