MU Investments Co. Ltd. cut its stake in Citigroup Inc (NYSE:C) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,140 shares of the financial services provider’s stock after selling 170 shares during the period. MU Investments Co. Ltd.’s holdings in Citigroup were worth $129,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of C. Tarbox Group Inc. raised its stake in Citigroup by 0.8% in the third quarter. Tarbox Group Inc. now owns 4,799 shares of the financial services provider’s stock worth $227,000 after buying an additional 40 shares during the period. Financial Architects Inc raised its stake in Citigroup by 0.5% in the third quarter. Financial Architects Inc now owns 8,828 shares of the financial services provider’s stock worth $417,000 after buying an additional 41 shares during the period. Perritt Capital Management Inc. raised its stake in Citigroup by 0.7% in the fourth quarter. Perritt Capital Management Inc. now owns 6,887 shares of the financial services provider’s stock worth $409,000 after buying an additional 50 shares during the period. Cypress Wealth Advisors LLC raised its stake in Citigroup by 1.1% in the fourth quarter. Cypress Wealth Advisors LLC now owns 4,879 shares of the financial services provider’s stock worth $290,000 after buying an additional 53 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in Citigroup by 0.7% in the third quarter. Proficio Capital Partners LLC now owns 15,056 shares of the financial services provider’s stock worth $711,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 73.82% of the company’s stock.
Shares of Citigroup Inc (NYSE:C) traded up 1.70% during trading on Friday, reaching $61.10. 20,266,630 shares of the company’s stock were exchanged. The firm has a market capitalization of $168.22 billion, a PE ratio of 12.31 and a beta of 1.68. Citigroup Inc has a 52 week low of $38.31 and a 52 week high of $62.58. The company’s 50-day moving average price is $59.72 and its 200 day moving average price is $58.45.
Citigroup (NYSE:C) last released its earnings results on Thursday, April 13th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.11. Citigroup had a return on equity of 7.09% and a net margin of 18.10%. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.75 billion. During the same period last year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts predict that Citigroup Inc will post $5.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Monday, May 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, April 27th. Citigroup’s dividend payout ratio (DPR) is presently 13.56%.
A number of equities research analysts have recently weighed in on C shares. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $66.78 price objective on the stock in a report on Monday, April 10th. Rafferty Capital Markets restated a “buy” rating and issued a $66.00 price objective on shares of Citigroup in a report on Monday, April 3rd. Nomura restated a “buy” rating and issued a $69.00 price objective on shares of Citigroup in a report on Monday, April 17th. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $68.00 target price on shares of Citigroup in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.34.
Citigroup Company Profile
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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