LGT Capital Partners LTD. lifted its stake in shares of Citigroup Inc (NYSE:C) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 143,840 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the quarter. LGT Capital Partners LTD.’s holdings in Citigroup were worth $10,703,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Catamount Wealth Management bought a new position in Citigroup in the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares during the last quarter. Balentine LLC increased its stake in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the last quarter. Finally, Risk Paradigm Group LLC increased its stake in Citigroup by 692.0% in the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 1,993 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.
A number of equities analysts have weighed in on the company. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price on the stock. in a research note on Monday. Nomura set a $87.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Vertical Group lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, BMO Capital Markets upped their target price on Citigroup from $75.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $78.79.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 EPS. research analysts anticipate that Citigroup Inc will post 6.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is presently -41.29%.
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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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