Citigroup Inc. (NYSE:C) Shares Purchased by Flputnam Investment Management Co.

Flputnam Investment Management Co. raised its holdings in Citigroup Inc. (NYSE:C) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,370 shares of the company’s stock after buying an additional 431 shares during the quarter. Flputnam Investment Management Co.’s holdings in Citigroup were worth $431,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of C. Capital Analysts LLC grew its stake in shares of Citigroup by 2.9% during the 4th quarter. Capital Analysts LLC now owns 192,278 shares of the company’s stock valued at $9,891,000 after buying an additional 5,330 shares during the period. Keel Point LLC acquired a new stake in Citigroup during the fourth quarter worth about $242,000. Sippican Capital Advisors raised its holdings in shares of Citigroup by 0.6% in the 4th quarter. Sippican Capital Advisors now owns 39,234 shares of the company’s stock worth $2,018,000 after purchasing an additional 219 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Citigroup by 8.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,453 shares of the company’s stock valued at $229,000 after purchasing an additional 357 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in Citigroup during the 4th quarter worth approximately $612,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on C. HSBC upped their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company restated an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. Finally, Oppenheimer decreased their price target on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Trading Up 0.3 %

Shares of NYSE C opened at $58.32 on Friday. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The stock has a market cap of $111.70 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 0.86 and a beta of 1.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average is $58.19 and its 200-day moving average is $51.03.

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, beating the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS. Equities research analysts predict that Citigroup Inc. will post 5.91 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

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.