UMB Bank N A MO increased its holdings in Citigroup Inc (NYSE:C) by 77.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 229,701 shares of the financial services provider’s stock after purchasing an additional 100,418 shares during the period. UMB Bank N A MO’s holdings in Citigroup were worth $17,092,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Catamount Wealth Management purchased a new stake in shares of Citigroup in the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares during the period. Balentine LLC grew its position in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares during the period. Acrospire Investment Management LLC grew its position in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the period. Finally, Sawyer & Company Inc purchased a new stake in Citigroup during the fourth quarter valued at about $117,000. 80.94% of the stock is owned by institutional investors and hedge funds.
C has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price target on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday. Nomura set a $87.00 price target on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. 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 report on Friday, October 13th. Finally, Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a research report on Monday, January 29th. 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 given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $79.44.
Citigroup (NYSE:C) last issued its quarterly earnings data 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. The company had revenue of $17.26 billion for 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 firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. sell-side analysts expect that Citigroup Inc will post 6.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is presently -41.29%.
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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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