Sargent Investment Group LLC Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Sargent Investment Group LLC increased its position in Citigroup Inc. (NYSE:C) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,726 shares of the company’s stock after buying an additional 440 shares during the quarter. Sargent Investment Group LLC’s holdings in Citigroup were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Carmel Capital Partners LLC purchased a new position in shares of Citigroup in the third quarter worth $25,000. AlphaMark Advisors LLC increased its stake in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. OFI Invest Asset Management purchased a new position in shares of Citigroup in the third quarter worth $35,000. Rakuten Securities Inc. purchased a new position in shares of Citigroup in the fourth quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Citigroup in the fourth quarter worth $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of Citigroup stock opened at $62.66 on Monday. The stock has a market cap of $120.01 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.94 and a beta of 1.52. The firm’s 50-day moving average is $59.09 and its 200 day moving average is $52.07. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 EPS. Sell-side analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Analyst Upgrades and Downgrades

C has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. Jefferies Financial Group boosted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Oppenheimer reduced their price objective on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a research report on Wednesday, January 10th. Finally, Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $46.00 to $65.00 in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.