Old Mutual Global Investors UK Ltd. bought a new stake in shares of Citigroup Inc (NYSE:C) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,070 shares of the financial services provider’s stock, valued at approximately $823,000.
A number of other institutional investors have also added to or reduced their stakes in C. Balentine LLC raised its position in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Acrospire Investment Management LLC raised its position in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the period. Sawyer & Company Inc acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $117,000. Baldwin Brothers Inc. MA raised its position in shares of Citigroup by 88.4% in the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares during the period. Finally, Risk Paradigm Group LLC raised its position in shares of Citigroup by 692.0% in the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,993 shares during the period. Institutional investors own 80.21% of the company’s stock.
A number of analysts recently issued reports on C shares. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 target price on Citigroup and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reissued a “buy” rating and set a $86.00 target price on shares of Citigroup in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. set a $80.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $79.65.
Shares of Citigroup Inc (C) traded down $1.44 on Wednesday, hitting $73.47. 18,439,113 shares of the stock traded hands, compared to its average volume of 17,380,000. The company has a market cap of $194,250.00, a PE ratio of 13.51, a P/E/G ratio of 1.10 and a beta of 1.51. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. equities research analysts forecast that Citigroup Inc will post 6.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.74%. Citigroup’s dividend payout ratio is currently 23.53%.
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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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