Penobscot Investment Management Company Inc. bought a new stake in Citigroup Inc. (NYSE:C – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,570 shares of the company’s stock, valued at approximately $846,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Snider Financial Group lifted its position in shares of Citigroup by 96,645.9% in the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after purchasing an additional 84,407,589 shares in the last quarter. Norges Bank acquired a new stake in Citigroup in the 4th quarter valued at $631,922,000. Moneta Group Investment Advisors LLC increased its stake in Citigroup by 87,332.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock valued at $339,738,000 after buying an additional 7,502,751 shares during the last quarter. Fisher Asset Management LLC lifted its position in Citigroup by 23.7% during the 2nd quarter. Fisher Asset Management LLC now owns 27,068,272 shares of the company’s stock worth $1,246,223,000 after buying an additional 5,180,027 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Citigroup by 47.0% during the 2nd quarter. Capital Research Global Investors now owns 12,473,605 shares of the company’s stock worth $574,285,000 after buying an additional 3,986,558 shares during the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.
Citigroup Stock Performance
NYSE C opened at $55.54 on Friday. The firm has a 50-day moving average of $51.17 and a 200-day moving average of $45.57. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market cap of $106.30 billion, a PE ratio of 13.92, a P/E/G ratio of 1.52 and a beta of 1.52. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $57.95.
Citigroup (NYSE:C – Get Free Report) last posted its earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $18.71 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.93 EPS for the current year.
Citigroup Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is currently 53.13%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on C. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Wednesday, January 3rd. Societe Generale cut Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Jefferies Financial Group reduced their price target on Citigroup from $47.00 to $43.00 in a research report on Tuesday, October 10th. Daiwa Capital Markets raised Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Monday, December 18th. Finally, Oppenheimer increased their price target on Citigroup from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Citigroup currently has an average rating of “Hold” and a consensus target price of $56.62.
Read Our Latest Stock Analysis on C
Citigroup Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.
See Also
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Free Report).
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