Wealthfront Inc. increased its holdings in shares of Citigroup Inc (NYSE:C) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,342 shares of the financial services provider’s stock after buying an additional 12,068 shares during the period. Wealthfront Inc.’s holdings in Citigroup were worth $11,261,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Balentine LLC lifted its position in shares of Citigroup by 20.2% in 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 acquired a new position in shares of Citigroup in the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA lifted its position in shares of Citigroup by 88.4% in 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 position in shares of Citigroup by 692.0% in 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 position in shares of Citigroup by 57.0% in 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. Institutional investors and hedge funds own 80.21% of the company’s stock.
A number of research analysts have recently issued reports on C shares. Nomura boosted their price target on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Wells Fargo & Co set a $95.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 price objective on shares of Citigroup in a research note on Tuesday, December 12th. Finally, DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 EPS. equities research analysts forecast that Citigroup Inc will post 6.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
TRADEMARK VIOLATION NOTICE: “Wealthfront Inc. Acquires 12,068 Shares of Citigroup Inc (C)” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/03/14/wealthfront-inc-acquires-12068-shares-of-citigroup-inc-c.html.
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.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.