SRS Capital Advisors Inc. bought a new position in shares of Citigroup Inc (NYSE:C) during the fourth quarter, Holdings Channel reports. The firm bought 3,395 shares of the financial services provider’s stock, valued at approximately $202,000.
Other large investors also recently modified their holdings of the company. Discovery Capital Management LLC CT acquired a new position in Citigroup during the fourth quarter worth $39,355,000. GSA Capital Partners LLP acquired a new position in Citigroup during the fourth quarter worth $937,000. Girard Securities Inc. acquired a new position in Citigroup during the fourth quarter worth $238,000. Silvercrest Asset Management Group LLC increased its position in Citigroup by 17.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 296,366 shares of the financial services provider’s stock worth $17,613,000 after buying an additional 44,792 shares in the last quarter. Finally, Fred Alger Management Inc. acquired a new position in Citigroup during the fourth quarter worth $149,000. 73.82% of the stock is owned by institutional investors.
Shares of Citigroup Inc (NYSE:C) opened at 59.59 on Tuesday. The firm has a market capitalization of $165.11 billion, a price-to-earnings ratio of 12.63 and a beta of 1.68. The stock’s 50 day moving average is $59.42 and its 200 day moving average is $54.77. Citigroup Inc has a 12 month low of $38.31 and a 12 month high of $62.53.
Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. Citigroup had a net margin of 18.10% and a return on equity of 7.09%. The business had revenue of $17 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same period last year, the company earned $1.06 EPS. The firm’s revenue was down 7.8% compared to the same quarter last year. Equities research analysts forecast that Citigroup Inc will post $5.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Monday, February 6th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 2nd. This represents a $0.64 annualized dividend and a yield of 1.07%. Citigroup’s dividend payout ratio is presently 13.56%.
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A number of research analysts have recently weighed in on C shares. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $48.79 price target on the stock. in a report on Monday, November 21st. Jefferies Group LLC downgraded shares of Citigroup from a “buy” rating to a “hold” rating and raised their price target for the company from $58.00 to $63.00 in a report on Monday, November 28th. Morgan Stanley upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a report on Wednesday, November 30th. Deutsche Bank AG raised their price target on shares of Citigroup from $49.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, November 30th. Finally, Guggenheim restated a “buy” rating on shares of Citigroup in a report on Sunday, December 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and an average price target of $60.73.
In other Citigroup news, insider W. Bradford Hu sold 10,109 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $55.96, for a total transaction of $565,699.64. Following the completion of the transaction, the insider now owns 37,137 shares in the company, valued at approximately $2,078,186.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President James A. Forese sold 55,436 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $59.60, for a total transaction of $3,303,985.60. Following the transaction, the president now owns 500,438 shares of the company’s stock, valued at approximately $29,826,104.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,303 shares of company stock worth $12,606,410. 0.13% of the stock is owned by corporate insiders.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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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