Becker Capital Management Inc. lifted its holdings in shares of Citigroup Inc (NYSE:C) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 702,385 shares of the financial services provider’s stock after buying an additional 57,899 shares during the quarter. Citigroup comprises approximately 1.4% of Becker Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Becker Capital Management Inc.’s holdings in Citigroup were worth $36,566,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Appleton Partners Inc. MA lifted its stake in Citigroup by 0.4% in the fourth quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock valued at $2,080,000 after buying an additional 175 shares in the last quarter. TCI Wealth Advisors Inc. lifted its stake in Citigroup by 7.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock valued at $146,000 after buying an additional 197 shares in the last quarter. Stillwater Investment Management LLC lifted its stake in Citigroup by 0.7% in the fourth quarter. Stillwater Investment Management LLC now owns 29,668 shares of the financial services provider’s stock valued at $1,545,000 after buying an additional 204 shares in the last quarter. Resource Management LLC lifted its stake in Citigroup by 3.1% in the fourth quarter. Resource Management LLC now owns 7,412 shares of the financial services provider’s stock valued at $385,000 after buying an additional 226 shares in the last quarter. Finally, KCS Wealth Advisory lifted its stake in Citigroup by 2.2% in the fourth quarter. KCS Wealth Advisory now owns 10,461 shares of the financial services provider’s stock valued at $545,000 after buying an additional 228 shares in the last quarter. Institutional investors own 73.99% of the company’s stock.
C has been the topic of a number of research reports. Barclays cut their price target on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. Wells Fargo & Co lowered shares of Citigroup to a “buy” rating in a research report on Friday, January 4th. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Credit Suisse Group cut their price objective on shares of Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, December 7th. Finally, Standpoint Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price objective on the stock in a research report on Wednesday, December 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $76.80.
Shares of C opened at $63.04 on Thursday. The firm has a market cap of $159.37 billion, a P/E ratio of 9.48, a PEG ratio of 0.78 and a beta of 1.67. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $78.42. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 0.99.
Citigroup (NYSE:C) last issued its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.06. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.57 billion. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. On average, analysts predict that Citigroup Inc will post 7.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.86%. Citigroup’s payout ratio is 27.07%.
TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2019/02/14/becker-capital-management-inc-has-36-57-million-stake-in-citigroup-inc-c.html.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
Recommended Story: What is Cost of Capital?
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).
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.