Bank Julius Baer & Co. Ltd Zurich Buys 91,477 Shares of Citigroup Inc. (NYSE:C)

Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Citigroup Inc. (NYSE:C) by 15.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 673,001 shares of the company’s stock after purchasing an additional 91,477 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Citigroup were worth $34,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in C. GHP Investment Advisors Inc. lifted its position in Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after buying an additional 290 shares during the period. Caprock Group LLC raised its position in Citigroup by 3.0% in the 3rd quarter. Caprock Group LLC now owns 21,077 shares of the company’s stock worth $867,000 after buying an additional 604 shares during the last quarter. Czech National Bank grew its stake in shares of Citigroup by 46.0% during the 3rd quarter. Czech National Bank now owns 336,573 shares of the company’s stock valued at $13,843,000 after acquiring an additional 106,117 shares during the period. Connecticut Wealth Management LLC bought a new position in shares of Citigroup during the 3rd quarter valued at approximately $324,000. Finally, MCF Advisors LLC grew its stake in shares of Citigroup by 6.9% during the 3rd quarter. MCF Advisors LLC now owns 8,244 shares of the company’s stock valued at $339,000 after acquiring an additional 529 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 1.4 %

Shares of C traded up $0.85 during midday trading on Friday, reaching $62.64. 16,361,218 shares of the stock were exchanged, compared to its average volume of 17,024,633. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $58.94 and its two-hundred day moving average is $51.77. The company has a market capitalization of $119.97 billion, a P/E ratio of 18.57, a PEG ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Wall Street Analyst Weigh In

C has been the subject of a number of recent research reports. Barclays boosted their price objective on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Evercore ISI upped their price target on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Jefferies Financial Group upped their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a research note on Wednesday, January 10th. Finally, Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $62.91.

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.