Mosley Wealth Management purchased a new stake in shares of Citigroup Inc. (NYSE:C – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 15,760 shares of the company’s stock, valued at approximately $811,000. Citigroup accounts for about 0.8% of Mosley Wealth Management’s portfolio, making the stock its 27th largest position.
Several other institutional investors have also modified their holdings of C. Norges Bank acquired a new position in shares of Citigroup during the 4th quarter worth approximately $867,599,000. International Assets Investment Management LLC purchased a new position in Citigroup during the fourth quarter worth $2,109,120,000. Greenhaven Associates Inc. raised its holdings in shares of Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after acquiring an additional 2,948,512 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Citigroup by 42.4% in the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock valued at $266,709,000 after acquiring an additional 1,930,296 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock valued at $1,273,233,000 after acquiring an additional 1,832,819 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.
Analyst Ratings Changes
C has been the topic of a number of recent research reports. HSBC upped their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Wells Fargo & Company reissued an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Jefferies Financial Group boosted their target price on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.66.
Read Our Latest Report on Citigroup
Citigroup Trading Down 0.3 %
Shares of NYSE C opened at $61.78 on Monday. The stock has a market capitalization of $117.84 billion, a P/E ratio of 18.28, a PEG ratio of 0.93 and a beta of 1.48. The stock’s 50 day moving average price is $61.94 and its two-hundred day moving average price is $56.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $64.98.
Citigroup (NYSE:C – Get Free Report) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 earnings per share. On average, analysts anticipate that Citigroup Inc. will post 5.96 earnings per share for the current fiscal year.
Citigroup Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.43%. Citigroup’s dividend payout ratio is currently 62.72%.
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.
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Source: defenseworld.net
