Taylor Wealth Management Partners Buys 3,720 Shares of Citigroup Inc (C)

Taylor Wealth Management Partners raised its stake in Citigroup Inc (NYSE:C) by 67.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,195 shares of the financial services provider’s stock after purchasing an additional 3,720 shares during the quarter. Taylor Wealth Management Partners’ holdings in Citigroup were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Leisure Capital Management lifted its position in Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 59 shares during the last quarter. Carnegie Capital Asset Management LLC raised its holdings in shares of Citigroup by 0.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after acquiring an additional 101 shares in the last quarter. Frontier Wealth Management LLC raised its holdings in shares of Citigroup by 1.3% during the second quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 140 shares in the last quarter. Keel Point LLC raised its holdings in shares of Citigroup by 1.0% during the second quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock valued at $983,000 after acquiring an additional 143 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its holdings in shares of Citigroup by 4.2% during the second quarter. Regal Investment Advisors LLC now owns 3,958 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 79.62% of the company’s stock.

Shares of Citigroup Inc (C) opened at $76.46 on Wednesday. Citigroup Inc has a 12 month low of $56.55 and a 12 month high of $80.70. The company has a market capitalization of $202,160.00, a price-to-earnings ratio of 13.78, a PEG ratio of 1.12 and a beta of 1.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. equities research analysts anticipate that Citigroup Inc will post 6.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.

C has been the subject of a number of recent analyst reports. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays upped their target price on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Vetr downgraded Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price for the company. in a report on Wednesday, November 29th. Raymond James Financial initiated coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. Finally, Jefferies Group restated a “hold” rating and set a $83.00 target price on shares of Citigroup in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $79.65.

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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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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