FineMark National Bank & Trust decreased its stake in shares of Citigroup Inc (NYSE:C) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,585 shares of the financial services provider’s stock after selling 3,167 shares during the quarter. FineMark National Bank & Trust’s holdings in Citigroup were worth $6,294,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Capital Analysts LLC raised its stake 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 worth $3,066,000 after buying an additional 2,367 shares during the period. Principal Financial Group Inc. lifted its position in 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 purchasing an additional 205,298 shares during the last quarter. Bank of Hawaii lifted its position in 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 purchasing an additional 2,242 shares during the last quarter. Norinchukin Bank The lifted its position in 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 purchasing an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in shares of Citigroup by 2.8% during 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 acquiring an additional 5,125 shares in the last quarter. 79.62% of the stock is owned by institutional investors.
Shares of Citigroup Inc (C) traded up $0.81 on Friday, reaching $77.08. The company’s stock had a trading volume of 12,161,097 shares, compared to its average volume of 17,220,000. 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 current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $203,800.00, a price-to-earnings ratio of 13.89, a PEG 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 Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts predict that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a $0.32 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.66%. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.
Several research analysts have recently commented on the company. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Raymond James Financial started coverage on Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. Wells Fargo & Co set a $100.00 price target on Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $86.00 target price on shares of Citigroup in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $79.65.
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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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