Resources Investment Advisors Inc. lifted its position in Citigroup Inc (NYSE:C) by 140.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,247 shares of the financial services provider’s stock after acquiring an additional 4,237 shares during the period. Resources Investment Advisors Inc.’s holdings in Citigroup were worth $539,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Leisure Capital Management grew its position in Citigroup by 1.6% during the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 59 shares in the last quarter. Carnegie Capital Asset Management LLC grew its position in Citigroup by 0.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after purchasing an additional 101 shares in the last quarter. Frontier Wealth Management LLC grew its position in Citigroup by 1.3% during the second quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 140 shares in the last quarter. Keel Point LLC lifted its stake in Citigroup by 1.0% in the second quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock valued at $983,000 after acquiring an additional 143 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its stake in Citigroup by 4.2% in the second quarter. Regal Investment Advisors LLC now owns 3,958 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 158 shares during the last quarter. 79.62% of the stock is currently owned by institutional investors and hedge funds.
C has been the subject of a number of analyst reports. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays lifted their target price on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Vetr cut shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price for the company. in a research note on Wednesday, November 29th. Raymond James Financial initiated coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. Finally, Vertical Group cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Two 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 stock. Citigroup has an average rating of “Buy” and an average target price of $79.65.
Citigroup Inc (NYSE:C) opened at $76.82 on Tuesday. Citigroup Inc has a 52-week low of $56.55 and a 52-week high of $80.70. The stock has a market cap of $197,427.38, a price-to-earnings 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 (NYSE:C) last announced its earnings results 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. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. Citigroup’s revenue was up 1.4% compared to the same quarter last year. analysts expect that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given 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 of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.
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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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