Cibc Bank USA Purchases 2,080 Shares of Citigroup Inc (C)

Cibc Bank USA raised its position in shares of Citigroup Inc (NYSE:C) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,586 shares of the financial services provider’s stock after purchasing an additional 2,080 shares during the period. Cibc Bank USA’s holdings in Citigroup were worth $2,350,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in C. Capital Analysts LLC increased its holdings in Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after buying an additional 2,367 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after buying an additional 205,298 shares in the last quarter. Bank of Hawaii increased its holdings in Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after buying an additional 2,242 shares in the last quarter. Norinchukin Bank The increased its holdings in Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after buying an additional 39,898 shares in the last quarter. Finally, Advisors Capital Management LLC increased its holdings in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 5,125 shares in the last quarter. 80.94% of the stock is owned by institutional investors and hedge funds.

Citigroup Inc (NYSE C) opened at $74.99 on Thursday. Citigroup Inc has a 12-month low of $56.14 and a 12-month high of $80.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $192,287.38, a PE ratio of 14.04, a PEG ratio of 1.09 and a beta of 1.54.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the previous year, the firm earned $1.14 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts predict that Citigroup Inc will post 6.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. Citigroup’s dividend payout ratio is presently -41.29%.

Several equities research analysts recently commented on C shares. Bank of America reiterated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Jefferies Group set a $81.00 price target on Citigroup and gave the company a “neutral” rating in a research note on Thursday, October 12th. BMO Capital Markets boosted their price target on Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. Royal Bank of Canada boosted their price target on Citigroup from $75.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, October 13th. Finally, Morgan Stanley boosted their price target on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $79.44.

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Citigroup Company Profile

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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