Skylands Capital LLC Increases Stock Holdings in Citigroup Inc. (NYSE:C)

Skylands Capital LLC boosted its stake in Citigroup Inc. (NYSE:C) by 10.1% in the fourth quarter, Holdings Channel reports. The fund owned 128,150 shares of the company’s stock after buying an additional 11,775 shares during the quarter. Skylands Capital LLC’s holdings in Citigroup were worth $6,592,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup during the third quarter valued at about $25,000. AlphaMark Advisors LLC boosted its holdings in Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Citigroup during the 3rd quarter valued at approximately $35,000. Rakuten Securities Inc. purchased a new stake in Citigroup during the 4th quarter worth approximately $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Citigroup in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

C traded down $0.29 during trading hours on Monday, hitting $62.37. The company’s stock had a trading volume of 5,381,960 shares, compared to its average volume of 16,889,762. The company has a 50-day simple moving average of $59.09 and a 200 day simple moving average of $52.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $119.46 billion, a PE ratio of 18.49, a PEG ratio of 0.94 and a beta of 1.52. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. As a group, sell-side analysts expect that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.40%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research note on Wednesday, January 10th. Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.91.

Citigroup 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.