Baxter Bros Inc. Has $229,000 Holdings in Citigroup Inc. (NYSE:C)

Baxter Bros Inc. decreased its holdings in Citigroup Inc. (NYSE:C) by 18.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,443 shares of the company’s stock after selling 999 shares during the period. Baxter Bros Inc.’s holdings in Citigroup were worth $229,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in C. Raymond James & Associates grew its holdings in Citigroup by 7.7% in the 3rd quarter. Raymond James & Associates now owns 1,643,389 shares of the company’s stock valued at $67,593,000 after buying an additional 117,446 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Citigroup by 0.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 548,029 shares of the company’s stock worth $22,540,000 after acquiring an additional 3,195 shares during the period. Brown Advisory Inc. increased its position in Citigroup by 4.8% during the third quarter. Brown Advisory Inc. now owns 181,637 shares of the company’s stock worth $7,471,000 after acquiring an additional 8,244 shares during the period. SevenBridge Financial Group LLC increased its holdings in shares of Citigroup by 6.7% during the third quarter. SevenBridge Financial Group LLC now owns 10,522 shares of the company’s stock worth $433,000 after purchasing an additional 659 shares during the period. Finally, Forsta AP Fonden raised its position in shares of Citigroup by 5.5% in the third quarter. Forsta AP Fonden now owns 405,200 shares of the company’s stock valued at $16,666,000 after buying an additional 21,000 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Up 0.8 %

NYSE:C traded up $0.51 during trading hours on Friday, reaching $61.52. The company had a trading volume of 11,048,877 shares, compared to its average volume of 15,112,875. The business’s 50-day simple moving average is $59.70 and its two-hundred day simple moving average is $52.62. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The firm has a market cap of $117.83 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 0.92 and a beta of 1.49. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on C. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research report on Wednesday, January 10th. Evercore ISI upped their target price on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Jefferies Financial Group lifted their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Finally, Oppenheimer dropped their price objective on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.85.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.