Overbrook Management Corp reduced its stake in shares of Citigroup (NYSE:C) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,298 shares of the financial services provider’s stock after selling 1,482 shares during the quarter. Citigroup comprises approximately 7.4% of Overbrook Management Corp’s holdings, making the stock its 3rd largest position. Overbrook Management Corp’s holdings in Citigroup were worth $36,706,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of C. Balentine LLC boosted its position in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the period. Sawyer & Company Inc acquired a new position in Citigroup during the 4th quarter worth $117,000. Baldwin Brothers Inc. MA boosted its position in Citigroup by 88.4% during the 4th 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 during the period. Lee Financial Co boosted its position in Citigroup by 57.0% during the 4th 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 during the period. Finally, Omnia Family Wealth LLC boosted its position in Citigroup by 187.7% during the 4th quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 80.08% of the company’s stock.
Several brokerages have recently weighed in on C. Morgan Stanley upped their price objective on Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a report on Wednesday, January 17th. Wells Fargo set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Credit Suisse Group restated a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $79.69.
Shares of C stock opened at $72.92 on Wednesday. The stock has a market capitalization of $186,843.78, a price-to-earnings ratio of 13.64, a PEG ratio of 1.05 and a beta of 1.51. Citigroup has a 52-week low of $56.55 and a 52-week high of $80.70. 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 (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. The firm 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%. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 earnings per share. research analysts anticipate 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. Investors of record on Monday, February 5th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s payout ratio is -41.29%.
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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