Synovus Financial Corp lessened its position in Citigroup Inc (NYSE:C) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 136,325 shares of the financial services provider’s stock after selling 2,943 shares during the period. Synovus Financial Corp’s holdings in Citigroup were worth $10,897,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Simon Quick Advisors LLC lifted its holdings in shares of Citigroup by 268.7% in the fourth quarter. Simon Quick Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 266 shares in the last quarter. Arlington Partners LLC bought a new position in shares of Citigroup in the fourth quarter valued at approximately $32,000. Allred Capital Management LLC bought a new position in shares of Citigroup in the fourth quarter valued at approximately $35,000. Garrett Wealth Advisory Group LLC bought a new position in shares of Citigroup in the third quarter valued at approximately $33,000. Finally, Truewealth LLC lifted its holdings in shares of Citigroup by 33.5% in the fourth quarter. Truewealth LLC now owns 606 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 152 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.
C has been the topic of a number of recent research reports. Deutsche Bank lowered Citigroup from a “buy” rating to a “hold” rating and raised their target price for the company from $84.00 to $88.00 in a report on Monday, January 6th. Bank of America restated a “buy” rating and issued a $94.00 target price on shares of Citigroup in a report on Wednesday, January 15th. Goldman Sachs Group raised their target price on Citigroup from $84.00 to $88.00 and gave the company a “buy” rating in a report on Monday, January 6th. Odeon Capital Group lowered Citigroup from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Credit Suisse Group raised their target price on Citigroup from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $89.61.
Citigroup stock traded down $0.21 during mid-day trading on Friday, reaching $78.79. 9,055,167 shares of the company’s stock were exchanged, compared to its average volume of 12,186,259. The business’s fifty day simple moving average is $79.01 and its 200 day simple moving average is $72.71. The firm has a market capitalization of $171.34 billion, a PE ratio of 9.80, a P/E/G ratio of 0.78 and a beta of 1.78. Citigroup Inc has a one year low of $60.05 and a one year high of $83.11. 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 issued its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.04. The business had revenue of $18.38 billion for the quarter, compared to analyst estimates of $17.95 billion. Citigroup had a return on equity of 10.32% and a net margin of 18.75%. Citigroup’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. On average, sell-side analysts forecast that Citigroup Inc will post 8.66 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 dividend of $0.51 per share. The ex-dividend date is Friday, January 31st. This represents a $2.04 dividend on an annualized basis and a yield of 2.59%. Citigroup’s dividend payout ratio (DPR) is currently 26.91%.
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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