Alerus Financial NA Raises Position in Citigroup Inc (C)

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Alerus Financial NA boosted its position in shares of Citigroup Inc (NYSE:C) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,328 shares of the financial services provider’s stock after acquiring an additional 234 shares during the period. Alerus Financial NA’s holdings in Citigroup were worth $5,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evolution Wealth Advisors LLC bought a new stake in shares of Citigroup in the 4th quarter valued at approximately $29,000. Signet Investment Advisory Group Inc. bought a new stake in Citigroup during the 4th quarter worth approximately $32,000. Hudock Capital Group LLC grew its position in Citigroup by 79.0% during the 4th quarter. Hudock Capital Group LLC now owns 836 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 369 shares during the last quarter. Ayalon Holdings Ltd. bought a new stake in Citigroup during the 4th quarter worth approximately $50,000. Finally, Ironwood Financial llc grew its position in Citigroup by 97.2% during the 4th quarter. Ironwood Financial llc now owns 1,134 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 559 shares during the last quarter. Hedge funds and other institutional investors own 73.99% of the company’s stock.

NYSE:C opened at $63.04 on Thursday. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $78.42. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 0.99. The firm has a market cap of $159.37 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.78 and a beta of 1.67.

Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.57 billion. During the same quarter in the prior year, the business earned $1.28 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts expect that Citigroup Inc will post 7.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 4th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.86%. The ex-dividend date is Friday, February 1st. Citigroup’s dividend payout ratio is 27.07%.

C has been the topic of a number of research analyst reports. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Morgan Stanley decreased their price target on Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Barclays decreased their price target on Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 2nd. TheStreet upgraded Citigroup from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Finally, Wells Fargo & Co lowered Citigroup to a “buy” rating in a research report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $76.80.

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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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