Meritage Portfolio Management Sells 1,220 Shares of Citigroup Inc (C)

Meritage Portfolio Management lowered its holdings in Citigroup Inc (NYSE:C) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,499 shares of the financial services provider’s stock after selling 1,220 shares during the quarter. Meritage Portfolio Management’s holdings in Citigroup were worth $6,808,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of C. Balentine LLC raised its stake 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 stake 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 bought a new position in shares of Citigroup during the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA raised its stake 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. Finally, Risk Paradigm Group LLC raised its stake in shares of Citigroup by 692.0% during the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 1,993 shares in the last quarter. Institutional investors and hedge funds own 80.71% of the company’s stock.

Several research analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price objective on shares of Citigroup in a research note on Wednesday, January 17th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Macquarie boosted their price objective on shares of Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and an average target price of $79.65.

Shares of Citigroup Inc (C) opened at $76.82 on Friday. The company has a market cap of $198,095.58, a price-to-earnings ratio of 14.46, a PEG ratio of 1.12 and a beta of 1.54. 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 Inc has a twelve month low of $56.55 and a twelve month high of $80.70.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. sell-side analysts predict that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.

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Citigroup Profile

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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