Atwood & Palmer Inc. reduced its holdings in shares of Citigroup Inc (NYSE:C) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,647 shares of the financial services provider’s stock after selling 800 shares during the period. Citigroup makes up 1.9% of Atwood & Palmer Inc.’s holdings, making the stock its 19th largest position. Atwood & Palmer Inc.’s holdings in Citigroup were worth $12,060,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. FMR LLC increased its position in Citigroup by 2.1% during the 2nd quarter. FMR LLC now owns 107,588,759 shares of the financial services provider’s stock valued at $7,199,839,000 after buying an additional 2,247,392 shares in the last quarter. Bank of New York Mellon Corp increased its position in Citigroup by 96,369.8% during 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 buying an additional 41,535,375 shares in the last quarter. ValueAct Holdings L.P. increased its position in Citigroup by 4.2% during the 3rd quarter. ValueAct Holdings L.P. now owns 26,225,500 shares of the financial services provider’s stock valued at $1,881,417,000 after buying an additional 1,050,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Citigroup by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 17,152,945 shares of the financial services provider’s stock valued at $1,230,679,000 after buying an additional 350,881 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Citigroup by 0.5% in the third quarter. Morgan Stanley now owns 16,607,640 shares of the financial services provider’s stock valued at $1,191,430,000 after purchasing an additional 79,843 shares during the period. 73.99% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on C shares. BMO Capital Markets increased their price objective on Citigroup to $92.00 and gave the company a “market perform” rating in a report on Monday, October 15th. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Tuesday, October 16th. Credit Suisse Group cut their price objective on Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. Finally, TheStreet downgraded Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, December 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $77.20.
Shares of C stock opened at $61.61 on Tuesday. The company has a market cap of $159.37 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.67. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $78.42.
Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. Citigroup’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share. On average, research analysts predict that Citigroup Inc will post 7.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 4th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.92%. Citigroup’s dividend payout ratio is currently 27.07%.
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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