GSA Capital Partners LLP Takes Position in Citigroup Inc (C)

GSA Capital Partners LLP acquired a new stake in Citigroup Inc (NYSE:C) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 33,151 shares of the financial services provider’s stock, valued at approximately $1,726,000.

Several other large investors also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC acquired a new stake in Citigroup in the 4th quarter valued at $29,000. Larson Financial Group LLC acquired a new stake in Citigroup in the 4th quarter valued at $29,000. Blume Capital Management Inc. grew its position in Citigroup by 4,615.4% in the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 600 shares during the period. Signet Investment Advisory Group Inc. acquired a new stake in Citigroup in the 4th quarter valued at $32,000. Finally, Acima Private Wealth LLC acquired a new stake in Citigroup in the 4th quarter valued at $33,000. Institutional investors own 70.37% of the company’s stock.

Several analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Citigroup to $64.00 and gave the company a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Thursday, November 29th. Morgan Stanley reduced their price target on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Standpoint Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, TheStreet raised shares of Citigroup from a “c+” rating to a “b” rating in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $77.33.

In other news, insider W. Bradford Hu sold 5,420 shares of Citigroup stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction 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. 0.09% of the stock is owned by insiders.

C opened at $65.19 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.30. The firm has a market cap of $164.77 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 0.79 and a beta of 1.68. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24.

Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.06. The firm 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 business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS. On average, analysts expect that Citigroup Inc will post 7.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Monday, February 4th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Friday, February 1st. Citigroup’s dividend payout ratio is 27.07%.

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About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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