GLOBALT Investments LLC GA acquired a new stake in shares of Citigroup Inc. (NYSE:C – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,815 shares of the company’s stock, valued at approximately $556,000.
A number of other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC raised 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 purchasing an additional 1,832,819 shares during the period. Northern Trust Corp increased its stake in shares of Citigroup by 1.2% in the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock worth $824,710,000 after buying an additional 232,652 shares during the last quarter. Putnam Investments LLC increased its stake in shares of Citigroup by 7.9% in the fourth quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock worth $914,395,000 after buying an additional 1,300,520 shares during the last quarter. Norges Bank bought a new stake in shares of Citigroup in the fourth quarter worth $867,599,000. Finally, Pzena Investment Management LLC increased its stake in shares of Citigroup by 1.3% in the fourth quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock worth $866,797,000 after buying an additional 223,206 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.
Citigroup Price Performance
Shares of C opened at $59.33 on Friday. The company has a market capitalization of $113.17 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 0.90 and a beta of 1.48. The business’s 50-day moving average is $61.74 and its 200-day moving average is $56.97. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $64.98. 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 – Get Free Report) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the prior year, the business earned $1.86 earnings per share. Citigroup’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts expect that Citigroup Inc. will post 5.96 EPS for the current fiscal year.
Citigroup Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.57%. Citigroup’s dividend payout ratio is 62.72%.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Evercore ISI lifted their price target on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Jefferies Financial Group lifted their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, Oppenheimer dropped their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.66.
Check Out Our Latest Analysis on C
About Citigroup
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
