Citigroup Inc (C) Holdings Lifted by Condor Capital Management

Condor Capital Management raised its stake in Citigroup Inc (NYSE:C) by 1.7% during the first quarter, Holdings Channel reports. The institutional investor owned 32,240 shares of the financial services provider’s stock after purchasing an additional 534 shares during the quarter. Condor Capital Management’s holdings in Citigroup were worth $2,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of C. LFA Lugano Financial Advisors SA purchased a new stake in Citigroup during the first quarter worth about $27,000. Evolution Wealth Advisors LLC purchased a new stake in Citigroup during the fourth quarter worth about $29,000. Larson Financial Group LLC purchased a new stake in Citigroup during the fourth quarter worth about $29,000. Signet Investment Advisory Group Inc. purchased a new stake in Citigroup during the fourth quarter worth about $32,000. Finally, Blume Capital Management Inc. increased its stake in Citigroup by 4,615.4% during the fourth quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 600 shares during the period. 71.11% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on C shares. BMO Capital Markets upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and set a $58.90 target price on the stock in a research note on Tuesday, January 15th. They noted that the move was a valuation call. Jefferies Financial Group upped their target price on shares of Citigroup to $64.00 and gave the stock a “hold” rating in a research note on Tuesday, January 15th. Credit Suisse Group restated an “outperform” rating and set a $80.00 target price on shares of Citigroup in a research note on Tuesday, January 15th. Standpoint Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, Zacks Investment Research lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $80.29.

In other news, insider W. Bradford Hu sold 5,420 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.27, for a total value of $348,343.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen Bird sold 30,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total value of $2,079,900.00. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Shares of Citigroup stock opened at $65.26 on Wednesday. The company has a market capitalization of $165.46 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 0.70 and a beta of 1.71. Citigroup Inc has a 52 week low of $48.42 and a 52 week high of $75.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.09. The company had revenue of $18.58 billion for the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 earnings per share. Analysts anticipate that Citigroup Inc will post 7.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.80 annualized dividend and a yield of 2.76%. Citigroup’s dividend payout ratio is currently 27.07%.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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