Blue Barn Wealth LLC Takes $212,000 Position in Citigroup Inc. (NYSE:C)

Blue Barn Wealth LLC acquired a new position in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,115 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Wealth Management increased its stake in shares of Citigroup by 0.5% in the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after buying an additional 192 shares during the period. Founders Capital Management lifted its holdings in Citigroup by 12.5% in the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock valued at $93,000 after buying an additional 200 shares during the period. Cowa LLC boosted its stake in Citigroup by 3.1% in the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock valued at $340,000 after acquiring an additional 200 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Citigroup by 0.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock valued at $1,267,000 after acquiring an additional 200 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Citigroup by 5.6% in the 4th quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock worth $198,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 1.3 %

Citigroup stock traded down $0.81 during mid-day trading on Tuesday, reaching $62.00. The stock had a trading volume of 10,038,142 shares, compared to its average volume of 16,616,920. The company has a 50-day moving average price of $59.85 and a two-hundred day moving average price of $52.95. The company has a market capitalization of $118.75 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts expect that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.42%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $46.00 to $65.00 in a research report on Tuesday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. Finally, BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.85.

About Citigroup

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.