Canandaigua National Corp Increases Stake in Citigroup Inc. (NYSE:C)

Canandaigua National Corp lifted its stake in shares of Citigroup Inc. (NYSE:C) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,623 shares of the company’s stock after acquiring an additional 1,029 shares during the period. Canandaigua National Corp’s holdings in Citigroup were worth $2,592,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Boltwood Capital Management lifted its holdings in shares of Citigroup by 15.0% during the 1st quarter. Boltwood Capital Management now owns 7,635 shares of the company’s stock worth $555,000 after acquiring an additional 995 shares during the period. Fulton Bank N.A. lifted its holdings in shares of Citigroup by 8.9% during the 1st quarter. Fulton Bank N.A. now owns 21,885 shares of the company’s stock worth $1,592,000 after acquiring an additional 1,781 shares during the period. Stillwater Investment Management LLC lifted its holdings in shares of Citigroup by 0.7% during the 1st quarter. Stillwater Investment Management LLC now owns 28,444 shares of the company’s stock worth $2,069,000 after acquiring an additional 209 shares during the period. M&R Capital Management Inc. lifted its holdings in shares of Citigroup by 6.0% during the 1st quarter. M&R Capital Management Inc. now owns 96,470 shares of the company’s stock worth $7,018,000 after acquiring an additional 5,434 shares during the period. Finally, Bard Financial Services Inc. purchased a new position in shares of Citigroup during the 4th quarter worth about $232,000. Institutional investors and hedge funds own 72.99% of the company’s stock.

Shares of C stock traded down $0.74 during mid-day trading on Thursday, reaching $71.95. 378,891 shares of the company were exchanged, compared to its average volume of 20,366,527. Citigroup Inc. has a fifty-two week low of $38.76 and a fifty-two week high of $76.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $150.14 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.25 and a beta of 1.95. The business’s 50 day simple moving average is $70.67 and its 200 day simple moving average is $58.18.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, January 14th. The company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.74. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The business had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.71 billion. During the same quarter last year, the company earned $1.90 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, analysts forecast that Citigroup Inc. will post 6.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Monday, May 3rd will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, April 30th. Citigroup’s dividend payout ratio (DPR) is presently 41.80%.

Several research firms recently commented on C. Credit Suisse Group raised their price target on shares of Citigroup from $65.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, December 11th. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating and set a $70.00 price target on the stock in a report on Wednesday, December 30th. Royal Bank of Canada raised their price target on shares of Citigroup from $66.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 19th. DA Davidson raised their price target on shares of Citigroup from $77.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, January 19th. Finally, TheStreet upgraded shares of Citigroup from a “c” rating to a “b” rating in a report on Friday, January 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $72.66.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in 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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