Northern Capital Management LLC Grows Position in Citigroup Inc (C)

Northern Capital Management LLC lifted its holdings in shares of Citigroup Inc (NYSE:C) by 4.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 71,790 shares of the financial services provider’s stock after acquiring an additional 3,035 shares during the quarter. Citigroup comprises approximately 1.4% of Northern Capital Management LLC’s portfolio, making the stock its 9th largest holding. Northern Capital Management LLC’s holdings in Citigroup were worth $5,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Beach Investment Management LLC. boosted its position in Citigroup by 895.5% in the second quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock worth $23,382,000 after purchasing an additional 314,494 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Citigroup in the second quarter worth about $4,093,000. Davidson & Garrard Inc. boosted its position in Citigroup by 1.2% in the second quarter. Davidson & Garrard Inc. now owns 29,343 shares of the financial services provider’s stock worth $1,962,000 after purchasing an additional 349 shares during the last quarter. Mirador Capital Partners LP boosted its position in Citigroup by 3.2% in the second quarter. Mirador Capital Partners LP now owns 4,679 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 144 shares during the last quarter. Finally, Capital Analysts LLC boosted its position in Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares during the last quarter. 79.62% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the company. Vetr cut 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 cut Citigroup from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $90.00 to $82.00 in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus price target of $79.65.

Shares of Citigroup Inc (NYSE:C) opened at $76.82 on Monday. The stock has a market capitalization of $197,427.38, a P/E ratio of 14.41, a P/E/G ratio of 1.12 and a beta of 1.54. Citigroup Inc has a 12 month low of $56.55 and a 12 month high of $80.70. 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 (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The company 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 firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. equities analysts forecast that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.

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

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About Citigroup

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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