Cetera Advisor Networks LLC grew its holdings in Citigroup (NYSE:C) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,902 shares of the financial services provider’s stock after purchasing an additional 1,403 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Citigroup were worth $1,006,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in C. Sawyer & Company Inc purchased a new position in shares of Citigroup during the fourth quarter valued at approximately $117,000. Baldwin Brothers Inc. MA lifted its stake in shares of 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. Bedel Financial Consulting Inc. purchased a new position in shares of Citigroup during the first quarter valued at approximately $133,000. Twin Tree Management LP lifted its stake in shares of Citigroup by 100.4% during the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock valued at $136,000 after buying an additional 535,686 shares during the period. Finally, Risk Paradigm Group LLC lifted its stake in shares of Citigroup by 829.2% during the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,733 shares during the period. Institutional investors and hedge funds own 76.78% of the company’s stock.
C has been the topic of several recent analyst reports. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a research note on Monday, January 29th. Morgan Stanley upped their price objective on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, February 2nd. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Citigroup has an average rating of “Hold” and a consensus target price of $80.79.
In related news, CFO John C. Gerspach sold 12,966 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.
Citigroup opened at $68.44 on Friday, MarketBeat.com reports. 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 $180.52 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 1.02 and a beta of 1.55. Citigroup has a fifty-two week low of $59.87 and a fifty-two week high of $80.70.
Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.89 billion. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. Citigroup’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. equities analysts predict that Citigroup will post 6.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Monday, May 7th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, May 4th. Citigroup’s payout ratio is 24.02%.
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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