WBI Investments LLC Grows Position in Citigroup Inc. (NYSE:C)

WBI Investments LLC boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 420.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,503 shares of the company's stock after acquiring an additional 37,566 shares during the quarter. WBI Investments LLC's holdings in Citigroup were worth $2,392,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Orion Capital Management LLC purchased a new position in shares of Citigroup in the fourth quarter valued at $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Citigroup in the fourth quarter valued at $29,000. Rakuten Securities Inc. purchased a new position in shares of Citigroup in the fourth quarter valued at $35,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Citigroup in the fourth quarter valued at $39,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Citigroup by 52.5% during the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company's stock valued at $41,000 after acquiring an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of C traded down $0.91 during mid-day trading on Wednesday, hitting $63.83. The stock had a trading volume of 8,850,610 shares, compared to its average volume of 15,853,447. The company has a market cap of $121.75 billion, a PE ratio of 19.02, a PEG ratio of 0.95 and a beta of 1.49. The company's fifty day simple moving average is $61.40 and its two-hundred day simple moving average is $54.80. 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 Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $64.98.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the firm earned $1.86 EPS. The business's revenue was down 1.6% on a year-over-year basis. 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. Investors of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.32%. Citigroup's dividend payout ratio is currently 62.72%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com raised Citigroup from a "sell" rating to a "hold" rating in a research note on Tuesday, March 19th. Morgan Stanley raised Citigroup from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. Evercore ISI raised their price target on Citigroup from $58.00 to $60.00 and gave the stock an "in-line" rating in a research note on Thursday, April 4th. HSBC raised their price target on Citigroup from $61.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Finally, Keefe, Bruyette & Woods raised their price target on Citigroup from $54.00 to $66.00 and gave the stock a "market perform" rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Citigroup 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.

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