Northpointe Capital LLC lowered its holdings in Citigroup Inc (NYSE:C) by 48.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,863 shares of the financial services provider’s stock after selling 57,109 shares during the quarter. Northpointe Capital LLC’s holdings in Citigroup were worth $3,221,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Appleton Partners Inc. MA lifted its stake in Citigroup by 0.4% in the fourth quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock valued at $2,080,000 after acquiring an additional 175 shares during the last quarter. TCI Wealth Advisors Inc. lifted its stake in shares of Citigroup by 7.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock worth $146,000 after buying an additional 197 shares during the last quarter. Stillwater Investment Management LLC lifted its stake in shares of Citigroup by 0.7% during the 4th quarter. Stillwater Investment Management LLC now owns 29,668 shares of the financial services provider’s stock worth $1,545,000 after buying an additional 204 shares during the last quarter. KCS Wealth Advisory lifted its stake in shares of Citigroup by 2.2% during the 4th quarter. KCS Wealth Advisory now owns 10,461 shares of the financial services provider’s stock worth $545,000 after buying an additional 228 shares during the last quarter. Finally, Buckingham Capital Management Inc. lifted its stake in shares of Citigroup by 1.1% during the 3rd quarter. Buckingham Capital Management Inc. now owns 22,494 shares of the financial services provider’s stock worth $1,614,000 after buying an additional 238 shares during the last quarter. 72.54% of the stock is owned by hedge funds and other institutional investors.
NYSE C opened at $62.01 on Friday. The firm has a market capitalization of $161.43 billion, a PE ratio of 9.32, a PEG ratio of 0.79 and a beta of 1.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 1.00. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $78.42.
Citigroup (NYSE:C) last posted its quarterly earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share 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 company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.57 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts forecast that Citigroup Inc will post 7.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Monday, February 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, February 1st. Citigroup’s payout ratio is 27.07%.
Several analysts have weighed in on the stock. Barclays dropped their price objective on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Wells Fargo & Co lowered shares of Citigroup to a “buy” rating in a report on Friday, January 4th. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Credit Suisse Group decreased their price target on shares of Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. Finally, Standpoint Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price on the stock in a research report on Wednesday, December 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.20.
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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