Cliftonlarsonallen Wealth Advisors LLC lowered its position in shares of Citigroup Inc (NYSE:C) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,830 shares of the financial services provider’s stock after selling 697 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Citigroup were worth $1,252,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after buying an additional 205,298 shares in the last quarter. Bank of Hawaii increased its position in shares of Citigroup by 52.2% in the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,242 shares during the period. Norinchukin Bank The increased its position in shares of Citigroup by 41.0% in the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after purchasing an additional 39,898 shares during the period. Advisors Capital Management LLC increased its position in shares of Citigroup by 2.8% in the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after purchasing an additional 5,125 shares during the period. Finally, Gs Investments Inc. bought a new position in shares of Citigroup in the second quarter worth $301,000. 79.62% of the stock is owned by institutional investors.
C has been the topic of a number of recent analyst reports. Raymond James Financial initiated coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. Vetr cut Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target on the stock. in a research report on Wednesday, November 29th. Nomura raised their price target on Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Credit Suisse Group restated a “buy” rating and issued a $83.00 price target on shares of Citigroup in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods raised their price target on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and an average target price of $79.65.
Citigroup (NYSE:C) last released its quarterly earnings results 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. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 earnings per share. research analysts anticipate that Citigroup Inc will post 6.4 EPS for the current year.
The company also recently declared 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 of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently -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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