Citigroup Inc (C) Holdings Reduced by FineMark National Bank & Trust

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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About Citigroup

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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