Cooper Financial Group boosted its position in shares of Citigroup Inc (NYSE:C) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,296 shares of the financial services provider’s stock after buying an additional 256 shares during the period. Cooper Financial Group’s holdings in Citigroup were worth $263,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in C. Pinnacle Financial Partners Inc. lifted its stake in shares of Citigroup by 6.3% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 71,836 shares of the financial services provider’s stock valued at $5,030,000 after purchasing an additional 4,263 shares during the last quarter. Roble Belko & Company Inc lifted its stake in shares of Citigroup by 1,904.8% in the 2nd quarter. Roble Belko & Company Inc now owns 4,210 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 4,000 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Citigroup by 7.0% in the 2nd quarter. MML Investors Services LLC now owns 60,815 shares of the financial services provider’s stock valued at $4,259,000 after purchasing an additional 3,962 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Citigroup by 452.7% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 71,151 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 58,277 shares during the last quarter. Finally, Swift Run Capital Management LLC raised its holdings in shares of Citigroup by 41.7% in the second quarter. Swift Run Capital Management LLC now owns 81,070 shares of the financial services provider’s stock worth $5,677,000 after buying an additional 23,850 shares during the period. 76.98% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Citigroup from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Vining Sparks upgraded Citigroup to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, October 9th. ValuEngine downgraded Citigroup from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Credit Suisse Group increased their price target on Citigroup from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Bank of America reiterated a “buy” rating and issued a $94.00 price target on shares of Citigroup in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $89.61.
Shares of Citigroup stock traded up $0.95 during trading on Thursday, reaching $77.43. The company’s stock had a trading volume of 12,493,159 shares, compared to its average volume of 12,734,305. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.41. The company has a market cap of $168.63 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 0.77 and a beta of 1.81. Citigroup Inc has a 1-year low of $60.05 and a 1-year high of $83.11. The company has a 50-day simple moving average of $79.09 and a two-hundred day simple moving average of $72.33.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.04. Citigroup had a return on equity of 10.32% and a net margin of 18.75%. The firm had revenue of $18.38 billion during the quarter, compared to analysts’ expectations of $17.95 billion. During the same quarter last year, the firm earned $1.64 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Citigroup Inc will post 8.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.04 dividend on an annualized basis and a yield of 2.63%. Citigroup’s dividend payout ratio is currently 26.91%.
About Citigroup
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
