Private Wealth Advisors Inc. grew its stake in shares of Citigroup (NYSE:C) by 13.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,271 shares of the financial services provider’s stock after acquiring an additional 1,556 shares during the period. Private Wealth Advisors Inc.’s holdings in Citigroup were worth $987,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Carnegie Capital Asset Management LLC grew its position in shares of Citigroup by 0.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after acquiring an additional 101 shares during the period. Frontier Wealth Management LLC grew its position in shares of Citigroup by 1.3% during the 2nd quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 140 shares during the period. Keel Point LLC grew its position in shares of Citigroup by 1.0% during the 2nd quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock valued at $983,000 after acquiring an additional 143 shares during the period. Evercore Wealth Management LLC grew its position in shares of Citigroup by 2.5% during the 2nd quarter. Evercore Wealth Management LLC now owns 7,977 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 197 shares during the period. Finally, Landmark Financial Advisors LLC grew its position in shares of Citigroup by 5.9% during the 2nd quarter. Landmark Financial Advisors LLC now owns 4,463 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 250 shares during the period. 80.21% of the stock is owned by hedge funds and other institutional investors.
Shares of Citigroup (NYSE C) opened at $73.47 on Friday. Citigroup has a 52 week low of $56.55 and a 52 week 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. The stock has a market cap of $188,488.63, a P/E ratio of -23.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51.
Citigroup (NYSE:C) last posted 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. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts anticipate that Citigroup will post 6.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio is presently -41.29%.
A number of analysts recently commented on the stock. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays upped their price target on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Vetr cut shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target on the stock. in a research note on Wednesday, November 29th. Vertical Group cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group restated a “hold” rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, January 16th. 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 company. The stock currently has an average rating of “Hold” and an average price target of $79.69.
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Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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