Financial Partners Capital Management LLC reduced its position in shares of Citigroup Inc (NYSE:C) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,270 shares of the financial services provider’s stock after selling 7,296 shares during the period. Citigroup comprises about 3.1% of Financial Partners Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Financial Partners Capital Management LLC’s holdings in Citigroup were worth $16,022,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of C. Catamount Wealth Management bought a new stake in Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the period. Balentine LLC raised its stake in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the period. Acrospire Investment Management LLC raised its stake in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new stake in Citigroup in the second quarter valued at approximately $123,000. 78.53% of the stock is owned by institutional investors.
A number of equities analysts have recently weighed in on C shares. Raymond James Financial started coverage on Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley increased their target price on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Jefferies Group set a $81.00 target price on Citigroup and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Nomura increased their target price on Citigroup to $84.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, BMO Capital Markets increased their target price on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $79.30.
Shares of Citigroup Inc (NYSE C) opened at $78.30 on Friday. The firm has a market capitalization of $207,030.00, a price-to-earnings ratio of -27.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.56. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $78.44. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.
Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. equities research analysts expect that Citigroup Inc will post 6.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s payout ratio is -44.29%.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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