Lockheed Martin Investment Management Co. boosted its stake in shares of Citigroup Inc (NYSE:C) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 82,020 shares of the financial services provider’s stock after buying an additional 11,820 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Citigroup were worth $6,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Catamount Wealth Management bought a new position in shares of Citigroup in the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Balentine LLC raised its position in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. Finally, Sawyer & Company Inc bought a new position in shares of Citigroup in the 4th quarter worth about $117,000. 80.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Citigroup Inc (NYSE:C) opened at $74.82 on Wednesday. Citigroup Inc has a 12-month low of $56.14 and a 12-month high of $80.70. The company has a market capitalization of $188,303.88, a PE ratio of -24.14, a P/E/G ratio of 1.37 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same period in the previous year, the company posted $1.14 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. equities analysts anticipate that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.

The company also recently announced 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, February 2nd. Citigroup’s payout ratio is -41.29%.

Several research firms have recently weighed in on C. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective on shares of Citigroup in a research report on Wednesday, January 17th. Deutsche Bank set a $74.00 price objective on Citigroup and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research report on Monday, January 29th. Finally, Jefferies Group set a $81.00 price objective on Citigroup and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $79.44.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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