Parsec Financial Management Inc. lowered its stake in Citigroup Inc (NYSE:C) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,038 shares of the financial services provider’s stock after selling 6,976 shares during the period. Parsec Financial Management Inc.’s holdings in Citigroup were worth $6,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Balentine LLC raised its position in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. Sawyer & Company Inc acquired a new stake in shares of Citigroup during the 4th quarter worth about $117,000. Finally, Baldwin Brothers Inc. MA raised its position in shares of Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 750 shares in the last quarter. 80.71% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on C. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price on the stock. in a research report on Monday, January 29th. Morgan Stanley raised their target price on Citigroup from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Friday, February 2nd. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods lowered Citigroup from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $90.00 to $82.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $79.65.
Citigroup Inc (C) opened at $76.71 on Thursday. The stock has a market capitalization of $202,820.00, a P/E ratio of 13.82, a P/E/G ratio of 1.09 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 12 month low of $56.55 and a 12 month high of $80.70.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the business posted $1.14 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. Citigroup’s dividend payout ratio (DPR) is currently 23.06%.
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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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