FDx Advisors Inc. lifted its stake in shares of Citigroup Inc (NYSE:C) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,831 shares of the financial services provider’s stock after purchasing an additional 7,522 shares during the quarter. FDx Advisors Inc.’s holdings in Citigroup were worth $4,824,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in C. Sawyer & Company Inc purchased a new position in Citigroup in the fourth quarter worth $117,000. Baldwin Brothers Inc. MA raised its position in Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 750 shares in the last quarter. Balentine LLC raised its position in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Lee Financial Co raised its position in Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 813 shares in the last quarter. Finally, Risk Paradigm Group LLC raised its position in Citigroup by 692.0% in the second quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 1,993 shares in the last quarter. Institutional investors and hedge funds own 80.21% of the company’s stock.
Shares of Citigroup Inc (C) opened at $73.34 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $188,822.75, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.07 and a beta of 1.51. Citigroup Inc has a 52 week low of $56.55 and a 52 week high of $80.70.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. research analysts expect that Citigroup Inc will post 6.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is currently -41.29%.
C has been the subject of several research analyst reports. Nomura increased their price objective on Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Wells Fargo & Co set a $95.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods increased their price objective on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 price objective on shares of Citigroup in a research report on Tuesday, December 12th. Finally, DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.69.
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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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