Suffolk Capital Management LLC lessened its holdings in Citigroup (NYSE:C) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,389 shares of the financial services provider’s stock after selling 23,407 shares during the quarter. Citigroup makes up about 2.0% of Suffolk Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Suffolk Capital Management LLC’s holdings in Citigroup were worth $15,060,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in C. Sawyer & Company Inc acquired a new position in shares of Citigroup during the fourth quarter valued at $117,000. Baldwin Brothers Inc. MA boosted its holdings in shares of Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares during the period. Balentine LLC boosted its holdings in shares of Citigroup by 20.2% during the second 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. Acrospire Investment Management LLC boosted its holdings in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the period. Finally, Risk Paradigm Group LLC boosted its holdings in shares of Citigroup by 692.0% during the second quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,993 shares during the period. 80.08% of the stock is owned by hedge funds and other institutional investors.
Citigroup stock traded down $1.09 during mid-day trading on Monday, reaching $72.38. 9,971,931 shares of the company traded hands, compared to its average volume of 16,919,484. The firm has a market capitalization of $188,822.75, a P/E ratio of -23.41, a P/E/G ratio of 1.06 and a beta of 1.51. Citigroup has a 1-year low of $56.55 and a 1-year high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $17.23 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts expect that Citigroup will post 6.41 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 given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
C has been the subject of several analyst reports. Nomura boosted their price target on shares of Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday, December 11th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Wells Fargo set a $95.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Finally, Credit Suisse Group reissued a “buy” rating and set a $83.00 price target on shares of Citigroup in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.69.
Citigroup Company Profile
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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