Citigroup Inc (C) Stake Lifted by Tdam USA Inc.

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Tdam USA Inc. lifted its position in shares of Citigroup Inc (NYSE:C) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,395 shares of the financial services provider’s stock after purchasing an additional 986 shares during the period. Tdam USA Inc.’s holdings in Citigroup were worth $593,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. grew its position in shares of Citigroup by 69.5% during the 4th quarter. First Mercantile Trust Co. now owns 4,830 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 1,980 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Citigroup by 16.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 8,633 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 1,210 shares in the last quarter. Shelton Capital Management grew its position in shares of Citigroup by 15.0% during the 4th quarter. Shelton Capital Management now owns 48,297 shares of the financial services provider’s stock worth $2,514,000 after purchasing an additional 6,300 shares in the last quarter. Rock Point Advisors LLC lifted its holdings in shares of Citigroup by 8.8% during the 4th quarter. Rock Point Advisors LLC now owns 192,149 shares of the financial services provider’s stock worth $10,003,000 after acquiring an additional 15,597 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Citigroup by 2.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 458,150 shares of the financial services provider’s stock worth $23,851,000 after acquiring an additional 9,576 shares during the period. Institutional investors own 73.99% of the company’s stock.

NYSE C traded up $0.14 on Monday, hitting $62.15. The company’s stock had a trading volume of 3,169,494 shares, compared to its average volume of 18,540,596. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 0.99. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $78.42. The stock has a market cap of $159.37 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.67.

Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. During the same period in the prior year, the company posted $1.28 EPS. The company’s revenue was down 2.3% on a year-over-year basis. Analysts predict that Citigroup Inc will post 7.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 4th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, February 1st. Citigroup’s dividend payout ratio (DPR) is currently 27.07%.

C has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Citigroup to $64.00 and gave the company a “hold” rating in a research note on Tuesday, January 15th. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Thursday, November 29th. Morgan Stanley dropped their price objective on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Standpoint Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, TheStreet raised shares of Citigroup from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $77.20.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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