Becker Capital Management Inc. increased its position in shares of Citigroup Inc (NYSE:C) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 702,385 shares of the financial services provider’s stock after purchasing an additional 57,899 shares during the quarter. Citigroup accounts for approximately 1.4% of Becker Capital Management Inc.’s investment portfolio, making the stock its 25th largest position. Becker Capital Management Inc.’s holdings in Citigroup were worth $36,566,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Evolution Wealth Advisors LLC bought a new position in shares of Citigroup in the fourth quarter worth about $29,000. Signet Investment Advisory Group Inc. bought a new position in Citigroup in the 4th quarter valued at approximately $32,000. Hudock Capital Group LLC raised its holdings in Citigroup by 79.0% in the 4th quarter. Hudock Capital Group LLC now owns 836 shares of the financial services provider’s stock valued at $43,000 after buying an additional 369 shares during the last quarter. Ayalon Holdings Ltd. bought a new position in Citigroup in the 4th quarter valued at approximately $50,000. Finally, Ironwood Financial llc raised its holdings in Citigroup by 97.2% in the 4th quarter. Ironwood Financial llc now owns 1,134 shares of the financial services provider’s stock valued at $59,000 after buying an additional 559 shares during the last quarter. 73.99% of the stock is owned by institutional investors and hedge funds.
C has been the subject of a number of research reports. TheStreet upgraded shares of Citigroup from a “c+” rating to a “b” rating in a report on Friday, January 25th. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Monday, December 10th. Wells Fargo & Co lowered shares of Citigroup to a “buy” rating in a report on Friday, January 4th. Finally, Standpoint Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price objective for the company in a report on Wednesday, December 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and an average target price of $76.80.
Citigroup (NYSE:C) last released its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.57 billion. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, sell-side analysts expect that Citigroup Inc will post 7.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 4th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, February 1st. Citigroup’s dividend payout ratio is presently 27.07%.
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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