Virtus Fund Advisers LLC trimmed its position in shares of Citigroup Inc (NYSE:C) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,197,424 shares of the financial services provider’s stock after selling 74,853 shares during the period. Citigroup accounts for 0.9% of Virtus Fund Advisers LLC’s investment portfolio, making the stock its 26th biggest holding. Virtus Fund Advisers LLC’s holdings in Citigroup were worth $89,100,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. Sawyer & Company Inc acquired a new stake in shares of Citigroup during the 4th quarter valued at $117,000. Baldwin Brothers Inc. MA boosted its stake in shares of Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after buying an additional 750 shares during the period. Balentine LLC boosted its stake in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the period. Lee Financial Co boosted its stake in shares of Citigroup by 57.0% during the 4th quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after buying an additional 813 shares during the period. Finally, Risk Paradigm Group LLC boosted its stake in shares of Citigroup by 692.0% during the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after buying an additional 1,993 shares during the period. Hedge funds and other institutional investors own 80.21% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 target price on shares of Citigroup in a research note on Wednesday, January 17th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Macquarie lifted their target price on shares of Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price for the company. in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Citigroup presently has an average rating of “Hold” and an average target price of $79.65.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the previous year, the business earned $1.14 EPS. Citigroup’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts forecast that Citigroup Inc will post 6.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were issued a $0.32 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.71%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
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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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