Valeo Financial Advisors LLC grew its position in Citigroup Inc (NYSE:C) by 20.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,529 shares of the financial services provider’s stock after purchasing an additional 8,824 shares during the period. Valeo Financial Advisors LLC’s holdings in Citigroup were worth $3,834,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in Citigroup during the fourth quarter worth about $117,000. Baldwin Brothers Inc. MA grew its holdings in Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 750 shares during the period. Balentine LLC grew its holdings in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the period. Lee Financial Co grew its holdings in Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 813 shares during the period. Finally, Risk Paradigm Group LLC grew its holdings in Citigroup by 692.0% in the second quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,993 shares during the period. 80.21% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective on shares of Citigroup in a report on Wednesday, January 17th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Macquarie raised their price objective on Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a report on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $79.65.
Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 earnings per share. sell-side analysts expect that Citigroup Inc will post 6.41 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
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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