Choreo LLC Buys Shares of 6,441 Citigroup Inc. (NYSE:C)

Choreo LLC bought a new position in Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,441 shares of the company’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also modified their holdings of C. Carmel Capital Partners LLC purchased a new position in Citigroup in the third quarter valued at about $25,000. Rakuten Securities Inc. acquired a new position in Citigroup during the fourth quarter worth $35,000. AlphaMark Advisors LLC raised its holdings in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Citigroup in the 4th quarter worth approximately $39,000. Finally, Venturi Wealth Management LLC boosted its position in Citigroup by 52.5% during the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock worth $41,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.1 %

NYSE C opened at $61.50 on Friday. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $117.79 billion, a P/E ratio of 18.20, a P/E/G ratio of 0.92 and a beta of 1.49. The stock’s 50-day moving average is $59.59 and its 200-day moving average is $52.48.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 earnings per share. Sell-side analysts anticipate that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.45%. Citigroup’s dividend payout ratio is currently 62.72%.

Analysts Set New Price Targets

Several analysts recently weighed in on C shares. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.