Zions Bancorporation N.A. boosted its position in Citigroup Inc. (NYSE:C – Get Rating) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,484 shares of the company’s stock after purchasing an additional 1,061 shares during the quarter. Zions Bancorporation N.A.’s holdings in Citigroup were worth $519,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Arlington Partners LLC purchased a new stake in shares of Citigroup during the fourth quarter valued at $25,000. Bell Investment Advisors Inc increased its holdings in Citigroup by 72.1% in the 4th quarter. Bell Investment Advisors Inc now owns 604 shares of the company’s stock worth $27,000 after acquiring an additional 253 shares in the last quarter. EWG Elevate Inc. purchased a new position in Citigroup during the fourth quarter valued at $29,000. New Hampshire Trust acquired a new position in shares of Citigroup during the 4th quarter worth about $45,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Citigroup by 82.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 961 shares of the company’s stock valued at $51,000 after buying an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 70.90% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on C shares. StockNews.com assumed coverage on Citigroup in a report on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley increased their price objective on Citigroup from $41.00 to $45.00 and gave the stock an “underweight” rating in a research report on Monday, April 17th. TheStreet raised Citigroup from a “c+” rating to a “b-” rating in a research note on Monday, March 6th. Credit Suisse Group reduced their price objective on shares of Citigroup from $54.00 to $50.00 in a report on Wednesday. Finally, Oppenheimer increased their target price on shares of Citigroup from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Monday, April 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $54.68.
Insiders Place Their Bets
Citigroup Trading Up 0.2 %
C stock traded up $0.08 on Friday, hitting $44.31. 2,304,577 shares of the company were exchanged, compared to its average volume of 18,348,857. Citigroup Inc. has a twelve month low of $40.01 and a twelve month high of $54.56. The business’s fifty day moving average is $46.37 and its two-hundred day moving average is $47.72. The stock has a market capitalization of $86.26 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 1.45 and a beta of 1.57. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.95 and a quick ratio of 0.95.
Citigroup (NYSE:C – Get Rating) last posted its quarterly earnings results on Friday, April 14th. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.66 by $0.53. Citigroup had a net margin of 12.96% and a return on equity of 7.84%. The firm had revenue of $21.40 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same quarter last year, the firm posted $2.02 earnings per share. Citigroup’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc. will post 6 earnings per share for the current year.
Citigroup Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, April 28th. Citigroup’s payout ratio is 28.45%.
Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.
- Get a free copy of the StockNews.com research report on Citigroup (C)
- The Melt-Up In Marvell Is On; But Don’t Chase It Higher
- Is Apple a Growth Stock or a Value Stock?
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
- Hot Inflation, What It Means For The Summer Rally
- 3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Get Rating).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.