Wetzel Investment Advisors Inc. acquired a new position in Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,420 shares of the company's stock, valued at approximately $948,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Carmel Capital Partners LLC purchased a new stake in Citigroup in the 3rd quarter worth $25,000. GHP Investment Advisors Inc. increased its stake in Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company's stock worth $28,000 after buying an additional 290 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in Citigroup in the 1st quarter worth $28,000. AlphaMark Advisors LLC increased its stake in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company's stock worth $29,000 after buying an additional 300 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in Citigroup by 115.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 802 shares of the company's stock worth $33,000 after buying an additional 429 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on C shares. StockNews.com raised shares of Citigroup from a "sell" rating to a "hold" rating in a report on Tuesday, March 19th. The Goldman Sachs Group reissued a "buy" rating on shares of Citigroup in a report on Monday, April 1st. Wells Fargo & Company reissued an "overweight" rating and set a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. Wolfe Research raised shares of Citigroup from a "peer perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a report on Wednesday, January 3rd. Finally, HSBC increased their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $62.91.
Check Out Our Latest Stock Report on C
Citigroup Trading Up 1.4 %
Shares of NYSE:C traded up $0.83 during trading on Friday, reaching $59.15. 13,367,494 shares of the company were exchanged, compared to its average volume of 17,210,979. The firm has a market capitalization of $113.29 billion, a PE ratio of 17.50, a P/E/G ratio of 0.88 and a beta of 1.52. The business's fifty day simple moving average is $58.30 and its 200-day simple moving average is $51.16. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.
Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup's revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.86 earnings per share. On average, research analysts anticipate that Citigroup Inc. will post 5.91 EPS for the current year.
Citigroup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup's payout ratio is 62.72%.
About Citigroup
(
Free Report)
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.
Further Reading
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