Trustcore Financial Services LLC bought a new stake in Citigroup Inc (NYSE:C) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,486 shares of the financial services provider’s stock, valued at approximately $259,000.
Several other institutional investors have also recently bought and sold shares of C. Valeo Financial Advisors LLC raised its stake in Citigroup by 20.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 51,529 shares of the financial services provider’s stock valued at $3,834,000 after acquiring an additional 8,824 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in Citigroup by 5.5% during the 4th quarter. Wetherby Asset Management Inc. now owns 46,750 shares of the financial services provider’s stock valued at $3,479,000 after acquiring an additional 2,444 shares during the last quarter. Mariner Wealth Advisors LLC raised its stake in Citigroup by 41.4% during the 4th quarter. Mariner Wealth Advisors LLC now owns 30,326 shares of the financial services provider’s stock valued at $2,256,000 after acquiring an additional 8,886 shares during the last quarter. Wealthfront Inc. raised its stake in Citigroup by 8.7% during the 4th quarter. Wealthfront Inc. now owns 151,342 shares of the financial services provider’s stock valued at $11,261,000 after acquiring an additional 12,068 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its stake in Citigroup by 42.2% during the 4th quarter. Itau Unibanco Holding S.A. now owns 16,511 shares of the financial services provider’s stock valued at $1,228,000 after acquiring an additional 4,896 shares during the last quarter. 80.21% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on C. 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 price objective on Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $86.00 price objective on shares of Citigroup in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. Citigroup currently has an average rating of “Hold” and an average target price of $79.65.
Citigroup Inc (NYSE:C) opened at $74.91 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 52-week low of $56.55 and a 52-week high of $80.70. The stock has a market capitalization of $195,376.41, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51.
Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS. sell-side analysts forecast that Citigroup Inc will post 6.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.
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Citigroup Company Profile
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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