Davidson Investment Advisors trimmed its holdings in shares of Citigroup (NYSE:C) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,372 shares of the financial services provider’s stock after selling 3,428 shares during the period. Davidson Investment Advisors’ holdings in Citigroup were worth $9,070,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. ARS Investment Partners LLC increased its stake in Citigroup by 3.4% in the first quarter. ARS Investment Partners LLC now owns 153,225 shares of the financial services provider’s stock valued at $10,343,000 after purchasing an additional 5,091 shares in the last quarter. First Long Island Investors LLC bought a new stake in Citigroup in the first quarter valued at approximately $5,330,000. D.A. Davidson & CO. increased its stake in Citigroup by 28.4% in the first quarter. D.A. Davidson & CO. now owns 62,295 shares of the financial services provider’s stock valued at $4,205,000 after purchasing an additional 13,791 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Citigroup by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 33,678,989 shares of the financial services provider’s stock valued at $2,273,331,000 after purchasing an additional 287,814 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. increased its stake in Citigroup by 2.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 190,856 shares of the financial services provider’s stock valued at $12,882,000 after purchasing an additional 3,798 shares in the last quarter. 76.78% of the stock is owned by institutional investors and hedge funds.
C has been the subject of several recent analyst reports. ValuEngine downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Friday, February 2nd. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. UBS raised shares of Citigroup from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $80.00 in a research report on Thursday, April 5th. Finally, Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, April 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $80.79.
Shares of Citigroup opened at $69.96 on Monday, according to MarketBeat.com. Citigroup has a 12 month low of $59.87 and a 12 month high of $80.70. The firm has a market cap of $179.80 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.01 and a beta of 1.55. 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 announced its earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. equities research analysts predict that Citigroup will post 6.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Monday, May 7th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, May 4th. Citigroup’s payout ratio is 24.02%.
In related news, CFO John C. Gerspach sold 12,966 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.
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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