Savoie Capital LLC bought a new position in Citigroup Inc. (NYSE:C – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,600 shares of the company’s stock, valued at approximately $1,423,000.
Other large investors have also bought and sold shares of the company. Carmel Capital Partners LLC purchased a new position in Citigroup during the third quarter worth about $25,000. GHP Investment Advisors Inc. grew its position in Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in Citigroup during the first quarter worth about $28,000. AlphaMark Advisors LLC grew its position in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares in the last quarter. Finally, Union Savings Bank bought a new stake in Citigroup during the second quarter worth about $30,000. 69.26% of the stock is owned by hedge funds and other institutional investors.
Citigroup Stock Down 0.4 %
C stock traded down $0.21 during trading on Friday, hitting $57.51. 13,028,024 shares of the company’s stock traded hands, compared to its average volume of 14,119,557. The firm has a market capitalization of $109.92 billion, a P/E ratio of 14.41, a PEG ratio of 1.57 and a beta of 1.50. The business has a fifty day simple moving average of $54.35 and a two-hundred day simple moving average of $47.30. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $58.39.
Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings data on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($1.89). Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $18.71 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Citigroup Inc. will post 5.94 EPS for the current year.
Citigroup Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.12 annualized dividend and a dividend yield of 3.69%. Citigroup’s dividend payout ratio (DPR) is 53.13%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on C. Barclays lifted their price target on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Daiwa Capital Markets raised Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, December 18th. Oppenheimer boosted their target price on Citigroup from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research note on Wednesday, January 10th. Finally, Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.03.
Check Out Our Latest Stock Report on Citigroup
Citigroup 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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