First Personal Financial Services boosted its holdings in shares of Citigroup Inc (NYSE:C) by 67.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,024 shares of the financial services provider’s stock after acquiring an additional 5,645 shares during the quarter. First Personal Financial Services’ holdings in Citigroup were worth $1,043,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of C. Capital Analysts LLC raised its holdings in shares of Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after buying an additional 2,367 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Citigroup by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after buying an additional 205,298 shares during the last quarter. Bank of Hawaii raised its holdings in shares of Citigroup by 52.2% in the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after buying an additional 2,242 shares during the last quarter. Norinchukin Bank The raised its holdings in shares of Citigroup by 41.0% in the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after buying an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in shares of Citigroup by 2.8% in the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after buying an additional 5,125 shares during the last quarter. 79.62% of the stock is currently owned by hedge funds and other institutional investors.
C has been the subject of several recent research reports. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Credit Suisse Group reissued a “buy” rating and set a $86.00 price objective on shares of Citigroup in a report on Thursday, January 4th. Nomura boosted their target price on Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price for the company in a research report on Monday, December 4th. Finally, JPMorgan Chase & Co. set a $80.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $79.65.
Shares of Citigroup Inc (C) traded up $0.06 on Tuesday, hitting $76.88. The stock had a trading volume of 4,708,986 shares, compared to its average volume of 16,735,137. Citigroup Inc has a 52 week low of $56.55 and a 52 week high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $203,400.00, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54.
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, topping the Zacks’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion during 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 revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. research analysts predict that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. Citigroup’s payout ratio 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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