Public Employees Retirement Association of Colorado grew its position in Citigroup Inc (NYSE:C) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 516,375 shares of the financial services provider’s stock after acquiring an additional 25,259 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Citigroup were worth $38,423,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of C. Balentine LLC raised its stake in shares of Citigroup by 20.2% during the second 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 last quarter. Acrospire Investment Management LLC raised its stake in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the last quarter. Sawyer & Company Inc purchased a new stake in shares of Citigroup during the fourth quarter worth approximately $117,000. Baldwin Brothers Inc. MA raised its stake in shares of Citigroup by 88.4% during the fourth 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 last quarter. Finally, Risk Paradigm Group LLC raised its stake in shares of Citigroup by 692.0% during the second 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 last quarter. 79.62% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on C. Macquarie upped their price target on Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price target for the company. in a research note on Monday, February 5th. Finally, Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $79.65.
Citigroup Inc (NYSE C) opened at $77.08 on Friday. The stock has a market capitalization of $198,095.61, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a 52-week low of $56.55 and a 52-week high of $80.70.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. Citigroup’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. equities analysts expect that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.
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.
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