Citigroup Inc. (NYSE:C) Shares Purchased by Waycross Partners LLC

Waycross Partners LLC increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 70.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,392 shares of the company's stock after purchasing an additional 74,245 shares during the period. Citigroup accounts for 1.7% of Waycross Partners LLC's investment portfolio, making the stock its 28th largest holding. Waycross Partners LLC's holdings in Citigroup were worth $9,228,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of C. Carmel Capital Partners LLC acquired a new stake in Citigroup during the 3rd quarter worth $25,000. AlphaMark Advisors LLC raised its position in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company's stock worth $29,000 after buying an additional 300 shares during the last quarter. OFI Invest Asset Management purchased a new position in Citigroup during the 3rd quarter worth $35,000. Rakuten Securities Inc. purchased a new position in Citigroup during the 4th quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Citigroup during the 4th quarter worth $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Down 1.5 %

Shares of NYSE C traded down $0.93 during trading hours on Tuesday, hitting $61.33. The stock had a trading volume of 11,151,229 shares, compared to its average volume of 16,895,066. The company has a market capitalization of $117.46 billion, a P/E ratio of 18.14, a P/E/G ratio of 0.94 and a beta of 1.52. The firm's 50-day moving average price is $59.36 and its two-hundred day moving average price is $52.35. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter last year, the company posted $1.86 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.46%. Citigroup's dividend payout ratio (DPR) is presently 62.72%.

Wall Street Analyst Weigh In

C has been the subject of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a "hold" rating in a research report on Monday, April 8th. Morgan Stanley upgraded shares of Citigroup from an "underweight" rating to an "overweight" rating and upped their price objective for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. The Goldman Sachs Group restated a "buy" rating on shares of Citigroup in a research report on Monday, April 1st. StockNews.com upgraded shares of Citigroup from a "sell" rating to a "hold" rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.85.

Citigroup Company 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.

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