Farmers Trust Co. reduced its holdings in Citigroup Inc (NYSE:C) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,418 shares of the financial services provider’s stock after selling 1,020 shares during the period. Farmers Trust Co.’s holdings in Citigroup were worth $3,082,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Beach Investment Management LLC. raised its stake in shares of Citigroup by 895.5% during the 2nd quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock worth $23,382,000 after purchasing an additional 314,494 shares in the last quarter. Buckingham Asset Management LLC raised its stake in shares of Citigroup by 2.3% during the 2nd quarter. Buckingham Asset Management LLC now owns 6,018 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 135 shares in the last quarter. Capital Planning Advisors LLC raised its stake in shares of Citigroup by 639.8% during the 2nd quarter. Capital Planning Advisors LLC now owns 26,972 shares of the financial services provider’s stock worth $1,804,000 after purchasing an additional 23,326 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of Citigroup by 14.0% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 44,100 shares of the financial services provider’s stock worth $2,949,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Sage Capital Advisors llc purchased a new stake in shares of Citigroup during the 2nd quarter worth about $288,000. 80.71% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reissued a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a research note on Thursday, January 4th. Nomura raised their price objective on Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Vetr raised Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective on the stock in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Citigroup has an average rating of “Buy” and an average price target of $79.65.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the firm earned $1.14 EPS. Citigroup’s revenue for the quarter was up 1.4% compared to the same quarter last year. research analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, February 2nd. Citigroup’s payout ratio is presently -41.29%.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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