Sheaff Brock Investment Advisors LLC cut its holdings in Citigroup (NYSE:C) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,148 shares of the financial services provider’s stock after selling 5,740 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Citigroup were worth $4,996,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Balentine LLC lifted its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Sawyer & Company Inc bought a new position in shares of Citigroup in the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA lifted its stake in shares of Citigroup by 88.4% in the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 750 shares during the period. Risk Paradigm Group LLC lifted its stake in shares of Citigroup by 692.0% in the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 1,993 shares during the period. Finally, Lee Financial Co lifted its stake in shares of Citigroup by 57.0% in the 4th quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 813 shares during the period. 80.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Citigroup stock opened at $73.47 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a fifty-two week low of $56.55 and a fifty-two week high of $80.70. The stock has a market cap of $188,822.75, a P/E ratio of -23.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) 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 7.61%. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same period last year, the firm posted $1.14 EPS. The company’s revenue was up 1.4% on a year-over-year basis. equities research analysts anticipate that Citigroup will post 6.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.
Several equities analysts have recently weighed in on C shares. JPMorgan Chase & Co. set a $80.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Wells Fargo set a $100.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reiterated a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a research note on Thursday, January 4th. Nomura increased their price objective on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price for the company in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $79.69.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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