Columbia Asset Management lessened its holdings in Citigroup Inc (NYSE:C) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,863 shares of the financial services provider’s stock after selling 5,457 shares during the quarter. Columbia Asset Management’s holdings in Citigroup were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in C. Bank of New York Mellon Corp boosted its holdings in Citigroup by 96,369.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock valued at $2,982,839,000 after purchasing an additional 41,535,375 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Citigroup by 5,064.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 39,262,981 shares in the last quarter. Senator Investment Group LP purchased a new stake in Citigroup in the 3rd quarter valued at approximately $134,512,000. Diamond Hill Capital Management Inc. boosted its holdings in Citigroup by 18.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 10,852,478 shares of the financial services provider’s stock valued at $564,980,000 after purchasing an additional 1,721,014 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC boosted its holdings in Citigroup by 6,592.0% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 1,629,907 shares of the financial services provider’s stock valued at $24,356,000 after purchasing an additional 1,605,551 shares in the last quarter. 70.37% of the stock is currently owned by institutional investors.
Shares of NYSE:C opened at $65.19 on Friday. The company has a market cap of $164.77 billion, a PE ratio of 9.80, a PEG ratio of 0.79 and a beta of 1.68. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $75.24.
Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.06. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 EPS. Analysts expect that Citigroup Inc will post 7.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Monday, February 4th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.76%. Citigroup’s dividend payout ratio is currently 27.07%.
In related news, insider W. Bradford Hu sold 5,420 shares of Citigroup stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
A number of brokerages have weighed in on C. Jefferies Financial Group raised Citigroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $73.00 in a report on Friday, February 22nd. TheStreet raised Citigroup from a “c+” rating to a “b” rating in a report on Friday, January 25th. Zacks Investment Research lowered Citigroup from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Standpoint Research lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $80.00 price target on shares of Citigroup in a research note on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $77.33.
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.
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