BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Citigroup Inc (NYSE:C) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 110,891 shares of the financial services provider’s stock, valued at approximately $4,671,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Baird Financial Group Inc. increased its stake in shares of Citigroup by 3.7% in the 4th quarter. Baird Financial Group Inc. now owns 856,059 shares of the financial services provider’s stock valued at $68,390,000 after purchasing an additional 30,532 shares during the last quarter. Banco Santander S.A. grew its position in Citigroup by 553.4% in the first quarter. Banco Santander S.A. now owns 1,980,083 shares of the financial services provider’s stock valued at $83,401,000 after acquiring an additional 1,677,052 shares during the last quarter. Blair William & Co. IL raised its stake in Citigroup by 7.5% during the fourth quarter. Blair William & Co. IL now owns 216,325 shares of the financial services provider’s stock worth $17,282,000 after acquiring an additional 15,050 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of Citigroup in the fourth quarter worth about $9,311,000. Finally, Sterling Investment Management Inc. boosted its stake in shares of Citigroup by 194.9% in the 1st quarter. Sterling Investment Management Inc. now owns 46,670 shares of the financial services provider’s stock valued at $1,966,000 after purchasing an additional 30,842 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.
C has been the topic of a number of research analyst reports. Odeon Capital Group lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Standpoint Research raised Citigroup from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Credit Suisse Group reaffirmed a “buy” rating and issued a $75.00 target price on shares of Citigroup in a report on Sunday, April 19th. UBS Group lifted their price target on Citigroup from $50.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, TheStreet downgraded Citigroup from a “b” rating to a “c+” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $77.68.
Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Citigroup had a return on equity of 9.15% and a net margin of 16.56%. The company had revenue of $20.73 billion for the quarter, compared to the consensus estimate of $18.98 billion. During the same period in the previous year, the business earned $1.87 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Citigroup Inc will post 3.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend was Friday, May 1st. Citigroup’s dividend payout ratio (DPR) is presently 26.91%.
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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