Red Door Wealth Management LLC Acquires 436 Shares of Citigroup Inc. (NYSE:C)

Red Door Wealth Management LLC raised its stake in shares of Citigroup Inc. (NYSE:CGet Rating) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,931 shares of the company’s stock after buying an additional 436 shares during the period. Red Door Wealth Management LLC’s holdings in Citigroup were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its stake in Citigroup by 1.2% during the 4th quarter. State Street Corp now owns 92,061,999 shares of the company’s stock valued at $5,559,624,000 after buying an additional 1,082,829 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Citigroup by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 33,753,519 shares of the company’s stock worth $2,033,390,000 after purchasing an additional 319,525 shares in the last quarter. Morgan Stanley increased its stake in shares of Citigroup by 1.3% in the 3rd quarter. Morgan Stanley now owns 24,478,057 shares of the company’s stock worth $1,717,870,000 after purchasing an additional 315,655 shares in the last quarter. Invesco Ltd. increased its stake in shares of Citigroup by 0.9% in the 4th quarter. Invesco Ltd. now owns 16,812,744 shares of the company’s stock worth $1,015,320,000 after purchasing an additional 142,512 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Citigroup by 24.9% in the 4th quarter. Bank of Montreal Can now owns 16,339,049 shares of the company’s stock worth $1,139,484,000 after purchasing an additional 3,257,303 shares in the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.

Several equities research analysts have recently commented on C shares. Credit Suisse Group lowered Citigroup from an “outperform” rating to a “neutral” rating and set a $58.00 price objective for the company. in a research note on Friday. Jefferies Financial Group lowered Citigroup from a “buy” rating to a “hold” rating and cut their price target for the stock from $79.00 to $60.00 in a research note on Monday, March 7th. Keefe, Bruyette & Woods lowered Citigroup from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $81.00 to $64.00 in a research note on Thursday, March 3rd. BMO Capital Markets cut their price target on Citigroup from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 18th. Finally, Oppenheimer dropped their price objective on shares of Citigroup from $100.00 to $93.00 in a report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Hold” and a consensus target price of $69.87.

Shares of NYSE:C opened at $53.62 on Friday. The firm has a market cap of $106.22 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 0.69 and a beta of 1.61. The firm’s 50 day simple moving average is $51.70 and its 200-day simple moving average is $59.01. Citigroup Inc. has a one year low of $45.40 and a one year high of $80.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.92.

Citigroup (NYSE:CGet Rating) last issued its earnings results on Thursday, April 14th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.47. The business had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.12 billion. Citigroup had a net margin of 22.95% and a return on equity of 10.96%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $3.62 earnings per share. Equities research analysts predict that Citigroup Inc. will post 6.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Monday, May 2nd were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, April 29th. Citigroup’s payout ratio is 24.06%.

Citigroup Company Profile (Get Rating)

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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