Miles Capital Inc. increased its position in Citigroup Inc (NYSE:C) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,024 shares of the financial services provider’s stock after acquiring an additional 130 shares during the quarter. Citigroup comprises about 0.8% of Miles Capital Inc.’s holdings, making the stock its 26th biggest holding. Miles Capital Inc.’s holdings in Citigroup were worth $1,040,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in C. Alpha Cubed Investments LLC lifted its position in Citigroup by 3.4% in the fourth quarter. Alpha Cubed Investments LLC now owns 11,934 shares of the financial services provider’s stock valued at $953,000 after purchasing an additional 387 shares during the last quarter. First National Bank of Omaha boosted its position in shares of Citigroup by 5.8% during the fourth quarter. First National Bank of Omaha now owns 10,335 shares of the financial services provider’s stock valued at $826,000 after purchasing an additional 565 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Citigroup by 9.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 57,337 shares of the financial services provider’s stock worth $4,580,000 after purchasing an additional 5,187 shares in the last quarter. Bowling Portfolio Management LLC lifted its position in Citigroup by 99.1% during the fourth quarter. Bowling Portfolio Management LLC now owns 63,286 shares of the financial services provider’s stock valued at $5,056,000 after buying an additional 31,501 shares during the period. Finally, Manchester Financial Inc. purchased a new position in Citigroup during the fourth quarter valued at $93,000. 77.02% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:C traded down $0.67 on Tuesday, reaching $80.45. 245,940 shares of the company’s stock traded hands, compared to its average volume of 10,763,466. The stock has a 50-day simple moving average of $78.45 and a 200-day simple moving average of $71.98. Citigroup Inc has a 12 month low of $60.05 and a 12 month high of $83.11. The firm has a market cap of $177.10 billion, a PE ratio of 10.01, a P/E/G ratio of 0.80 and a beta of 1.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.41.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.04. Citigroup had a return on equity of 10.32% and a net margin of 18.75%. The firm had revenue of $18.38 billion during the quarter, compared to analyst estimates of $17.95 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc will post 8.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.04 dividend on an annualized basis and a yield of 2.54%. Citigroup’s dividend payout ratio is presently 26.91%.
C has been the topic of a number of recent research reports. Oppenheimer upped their target price on shares of Citigroup from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Bank of America reissued a “buy” rating and set a $94.00 price target on shares of Citigroup in a research report on Wednesday, January 15th. Morgan Stanley boosted their price objective on shares of Citigroup from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. UBS Group upped their price objective on shares of Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $84.00 price objective on shares of Citigroup in a report on Sunday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $89.61.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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