Itau Unibanco Holding S.A. boosted its stake in Citigroup Inc (NYSE:C) by 42.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,511 shares of the financial services provider’s stock after buying an additional 4,896 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Citigroup were worth $1,228,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Balentine LLC lifted 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 worth $108,000 after purchasing an additional 272 shares during the period. Sawyer & Company Inc purchased a new position in shares of Citigroup during the 4th quarter worth $117,000. Baldwin Brothers Inc. MA lifted 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 worth $119,000 after purchasing an additional 750 shares during the period. Risk Paradigm Group LLC lifted 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 worth $153,000 after purchasing an additional 1,993 shares during the period. Finally, Lee Financial Co lifted 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 worth $167,000 after purchasing an additional 813 shares during the period. 80.21% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on C shares. JPMorgan Chase & Co. set a $80.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and issued a $86.00 target price on shares of Citigroup in a research report on Thursday, January 4th. Nomura increased their target price on Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Vetr raised Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research report on Monday, December 4th. 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. The company presently has an average rating of “Hold” and a consensus target price of $79.65.
Citigroup (NYSE:C) last announced its quarterly earnings results 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 positive return on equity of 7.61% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the firm earned $1.14 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts anticipate that Citigroup Inc will post 6.41 earnings per share for the current year.
The business also recently declared 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 is currently -41.29%.
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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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