Stuart Chaussee & Associates Inc. bought a new stake in shares of Citigroup Inc (NYSE:C) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,534 shares of the financial services provider’s stock, valued at approximately $189,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Harris Associates L P raised its position in shares of Citigroup by 0.5% during the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after buying an additional 221,171 shares in the last quarter. Northern Trust Corp raised its position in shares of Citigroup by 3.1% during the 2nd quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after buying an additional 1,011,532 shares in the last quarter. Boston Partners raised its position in shares of Citigroup by 3.4% during the 3rd quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after buying an additional 817,162 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Citigroup by 4.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock valued at $1,754,343,000 after buying an additional 1,091,989 shares in the last quarter. Institutional investors own 79.62% of the company’s stock.
Several brokerages have recently issued reports on C. Macquarie upped their target price on shares of Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, February 9th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a research note on Monday, February 5th. Finally, Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $79.65.
Shares of Citigroup Inc (NYSE C) opened at $76.27 on Friday. The company has a market cap of $197,889.98, a price-to-earnings ratio of -24.60, a P/E/G ratio of 1.12 and a beta of 1.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a 52-week low of $56.55 and a 52-week high of $80.70.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. equities analysts expect that Citigroup Inc will post 6.4 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.68%. Citigroup’s dividend payout ratio is presently -41.29%.
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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