Calamos Advisors LLC lessened its stake in shares of Citigroup (NYSE:C) by 47.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,357,159 shares of the financial services provider’s stock after selling 1,246,710 shares during the period. Citigroup comprises approximately 0.5% of Calamos Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Calamos Advisors LLC owned approximately 0.05% of Citigroup worth $100,986,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Balentine LLC increased its holdings in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the period. Sawyer & Company Inc purchased a new position in Citigroup during the fourth quarter valued at approximately $117,000. Baldwin Brothers Inc. MA increased its holdings in Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after buying an additional 750 shares during the period. Lee Financial Co increased its holdings in Citigroup by 57.0% during the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after buying an additional 813 shares during the period. Finally, Omnia Family Wealth LLC increased its holdings in Citigroup by 187.7% during the fourth quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after buying an additional 1,500 shares during the period. 80.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Citigroup (NYSE:C) opened at $70.31 on Friday. Citigroup has a one year low of $56.55 and a one year high of $80.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The company has a market cap of $187,409.20, a price-to-earnings ratio of -22.68, a PEG ratio of 1.06 and a beta of 1.51.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 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 during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. research analysts predict that Citigroup will post 6.41 EPS for the current fiscal year.
The business also recently disclosed 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 of this dividend was Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.82%. Citigroup’s payout ratio is currently -41.29%.
C has been the topic of several research reports. Vetr lowered shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective on the stock. in a report on Wednesday, November 29th. Nomura lifted their price objective on shares of Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday, December 11th. Credit Suisse Group reissued a “buy” rating and set a $83.00 price objective on shares of Citigroup in a report on Tuesday, December 12th. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Finally, Wells Fargo set a $95.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $79.69.
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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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