Cullen Frost Bankers Inc. increased its stake in Citigroup Inc (NYSE:C) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 329,314 shares of the financial services provider’s stock after buying an additional 1,986 shares during the period. Cullen Frost Bankers Inc.’s holdings in Citigroup were worth $24,504,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Bank of Hawaii increased its position in Citigroup by 52.2% during the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,242 shares during the period. Norinchukin Bank The increased its position in Citigroup by 41.0% during the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after purchasing an additional 39,898 shares during the period. Advisors Capital Management LLC increased its position in Citigroup by 2.8% during the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after purchasing an additional 5,125 shares during the period. Principal Financial Group Inc. increased its position in Citigroup by 17.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock valued at $354,216,000 after purchasing an additional 717,320 shares during the period. Finally, Gs Investments Inc. purchased a new position in Citigroup during the 2nd quarter valued at about $301,000. 79.62% of the stock is currently owned by institutional investors.
A number of research firms have commented on C. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 target price on shares of Citigroup in a research report on Wednesday, January 17th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Macquarie raised their target price on shares of Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr downgraded shares of 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. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.65.
Shares of Citigroup Inc (C) opened at $76.46 on Wednesday. Citigroup Inc has a 1-year low of $56.55 and a 1-year high of $80.70. The firm has a market cap of $197,427.38, a PE ratio of 14.41, a PEG ratio of 1.12 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $17.23 billion. During the same period last year, the business earned $1.14 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts predict that Citigroup Inc will post 6.4 earnings per share 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 paid a $0.32 dividend. 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 (DPR) is presently -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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