Fidelis Capital Partners LLC Reduces Position in Citigroup Inc. (NYSE:C)

Fidelis Capital Partners LLC cut its position in Citigroup Inc. (NYSE:C) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,947 shares of the company’s stock after selling 298 shares during the period. Fidelis Capital Partners LLC’s holdings in Citigroup were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Snider Financial Group grew its position in shares of Citigroup by 96,645.9% in the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after buying an additional 84,407,589 shares during the last quarter. Norges Bank purchased a new position in shares of Citigroup in the 4th quarter valued at $631,922,000. Moneta Group Investment Advisors LLC grew its position in shares of Citigroup by 87,332.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock valued at $339,738,000 after buying an additional 7,502,751 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at $2,109,120,000. Finally, Greenhaven Associates Inc. boosted its stake in Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 1.4 %

Shares of NYSE C opened at $59.15 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The firm has a 50-day moving average price of $58.30 and a 200 day moving average price of $51.16. The stock has a market capitalization of $113.29 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter last year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post 5.91 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. Finally, Oppenheimer decreased their price target on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.