First Manhattan Co. decreased its position in Citigroup Inc (NYSE:C) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 826,902 shares of the financial services provider’s stock after selling 115,393 shares during the quarter. First Manhattan Co.’s holdings in Citigroup were worth $61,529,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Catamount Wealth Management acquired a new stake in shares of Citigroup in the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the last quarter. Balentine LLC increased its position in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new stake in shares of Citigroup in the fourth quarter valued at about $117,000. 80.71% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. Macquarie upped their target price on Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price target for the company. in a research note on Monday, February 5th. Finally, Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $79.65.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue was up 1.4% on a year-over-year basis. research analysts forecast that Citigroup Inc will post 6.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.67%. Citigroup’s payout ratio is 23.06%.
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.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.