Webster Bank N. A. Has $1.66 Million Position in Citigroup Inc (C)

Webster Bank N. A. boosted its position in Citigroup Inc (NYSE:C) by 57.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,264 shares of the financial services provider’s stock after purchasing an additional 8,082 shares during the quarter. Webster Bank N. A.’s holdings in Citigroup were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the last quarter. Harris Associates L P increased its stake in shares of Citigroup by 0.5% during the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after acquiring an additional 221,171 shares during the last quarter. Northern Trust Corp increased its stake in shares of Citigroup by 3.1% during the 2nd quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after acquiring an additional 1,011,532 shares during the last quarter. Boston Partners increased its stake in shares of Citigroup by 3.4% during the 3rd quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after acquiring an additional 817,162 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Citigroup by 4.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock valued at $1,754,343,000 after acquiring an additional 1,091,989 shares during the last quarter. 80.94% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research note on Monday, January 29th. Morgan Stanley upped their price objective on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, February 2nd. Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $90.00 to $82.00 in a research note on Tuesday, January 16th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $83.00 price objective on shares of Citigroup in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $79.44.

Shares of Citigroup Inc (C) opened at $73.68 on Friday. The stock has a market cap of $184,705.89, a P/E ratio of -23.77, a P/E/G ratio of 1.04 and a beta of 1.54. Citigroup Inc has a 1 year low of $56.37 and a 1 year high of $80.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is presently -41.29%.

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About Citigroup

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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