Altrius Capital Management Inc Increases Position in Citigroup Inc. (NYSE:C)

Altrius Capital Management Inc boosted its holdings in Citigroup Inc. (NYSE:C) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,908 shares of the company’s stock after purchasing an additional 808 shares during the quarter. Altrius Capital Management Inc’s holdings in Citigroup were worth $4,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carmel Capital Partners LLC purchased a new stake in Citigroup in the third quarter worth about $25,000. Rakuten Securities Inc. purchased a new stake in shares of Citigroup during the fourth quarter valued at approximately $35,000. AlphaMark Advisors LLC grew its holdings in shares of Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 300 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Citigroup during the fourth quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Citigroup by 52.5% during the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock valued at $41,000 after buying an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.6 %

Citigroup stock traded down $0.40 during trading hours on Monday, hitting $62.26. The company had a trading volume of 10,857,088 shares, compared to its average volume of 16,959,826. The firm has a market cap of $119.25 billion, a P/E ratio of 18.49, a P/E/G ratio of 0.94 and a beta of 1.52. 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 1 year low of $38.17 and a 1 year high of $63.90. The company has a 50-day moving average price of $59.09 and a two-hundred day moving average price of $52.07.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.41%. Citigroup’s dividend payout ratio is currently 62.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on C shares. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Barclays raised their price objective on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Jefferies Financial Group raised their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Company 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.