Norinchukin Bank The lowered its position in Citigroup (NYSE:C) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,959 shares of the financial services provider’s stock after selling 7,182 shares during the period. Norinchukin Bank The’s holdings in Citigroup were worth $10,489,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. FDx Advisors Inc. grew its stake in Citigroup by 13.1% in the 4th quarter. FDx Advisors Inc. now owns 64,831 shares of the financial services provider’s stock worth $4,824,000 after acquiring an additional 7,522 shares during the period. ARP Americas LP acquired a new position in shares of Citigroup in the 4th quarter valued at $804,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of Citigroup by 11.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 287,375 shares of the financial services provider’s stock valued at $21,384,000 after purchasing an additional 30,518 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Citigroup by 38.8% in the 4th quarter. Synovus Financial Corp now owns 135,424 shares of the financial services provider’s stock valued at $10,074,000 after purchasing an additional 37,843 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Citigroup by 4.6% in the 4th quarter. American International Group Inc. now owns 849,970 shares of the financial services provider’s stock valued at $63,246,000 after purchasing an additional 37,640 shares during the last quarter. Hedge funds and other institutional investors own 80.08% of the company’s stock.
Citigroup (NYSE:C) traded down $0.47 during trading on Friday, reaching $69.84. 7,353,083 shares of the company’s stock traded hands, compared to its average volume of 16,862,035. 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 firm has a market cap of $188,437.23, a price-to-earnings ratio of -22.54, a PEG ratio of 1.06 and a beta of 1.51. Citigroup has a 1 year low of $56.55 and a 1 year high of $80.70.
Citigroup (NYSE:C) last posted its earnings results 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. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. research analysts expect that Citigroup will post 6.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.
Several equities analysts recently weighed in on C shares. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Wells Fargo set a $100.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $86.00 price target on shares of Citigroup in a research note on Thursday, January 4th. Nomura boosted their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price for the company in a research report on Monday, December 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. Citigroup currently has an average rating of “Hold” and an average target price 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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