Wright Investors Service Inc. raised its stake in Citigroup Inc (NYSE:C) by 24.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,016 shares of the financial services provider’s stock after purchasing an additional 9,378 shares during the period. Citigroup makes up approximately 1.2% of Wright Investors Service Inc.’s holdings, making the stock its 22nd biggest position. Wright Investors Service Inc.’s holdings in Citigroup were worth $3,573,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of C. Bessemer Group Inc. lifted its holdings in Citigroup by 40.7% during the 4th quarter. Bessemer Group Inc. now owns 3,614,446 shares of the financial services provider’s stock valued at $268,951,000 after purchasing an additional 1,046,229 shares during the last quarter. Schmidt P J Investment Management Inc. lifted its holdings in Citigroup by 5.6% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 40,812 shares of the financial services provider’s stock valued at $3,037,000 after purchasing an additional 2,165 shares during the last quarter. Northern Capital Management LLC lifted its holdings in Citigroup by 4.4% during the 4th quarter. Northern Capital Management LLC now owns 71,790 shares of the financial services provider’s stock valued at $5,342,000 after purchasing an additional 3,035 shares during the last quarter. LMR Partners LLP lifted its holdings in Citigroup by 136.0% during the 4th quarter. LMR Partners LLP now owns 12,980 shares of the financial services provider’s stock valued at $966,000 after purchasing an additional 7,480 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in Citigroup by 27.5% during the 4th quarter. MAI Capital Management now owns 131,517 shares of the financial services provider’s stock valued at $9,786,000 after purchasing an additional 28,352 shares during the last quarter. 79.62% of the stock is owned by hedge funds and other institutional investors.
Citigroup Inc (NYSE C) opened at $76.82 on Monday. The stock has a market cap of $197,427.38, a P/E ratio of -24.78, a P/E/G ratio of 1.12 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 1-year low of $56.55 and a 1-year high of $80.70.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $1.14 earnings per share. equities analysts forecast that Citigroup Inc will post 6.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.
C has been the subject of several research reports. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Nomura set a $87.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr cut 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 report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $79.65.
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Citigroup Company 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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