Capital Management Associates NY Purchases 8,390 Shares of Citigroup Inc. (NYSE:C)


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Capital Management Associates NY boosted its position in Citigroup Inc. (NYSE:C) by 100.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,715 shares of the company’s stock after acquiring an additional 8,390 shares during the quarter. Capital Management Associates NY’s holdings in Citigroup were worth $1,031,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sanders Capital LLC boosted its stake in Citigroup by 3.3% during the 3rd quarter. Sanders Capital LLC now owns 20,273,576 shares of the company’s stock valued at $955,560,000 after purchasing an additional 638,347 shares during the last quarter. FMR LLC boosted its stake in Citigroup by 0.6% during the 4th quarter. FMR LLC now owns 20,013,516 shares of the company’s stock valued at $1,234,033,000 after purchasing an additional 116,064 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Citigroup by 1,321.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 19,376,360 shares of the company’s stock worth $73,923,000 after buying an additional 18,012,890 shares during the last quarter. Morgan Stanley boosted its stake in shares of Citigroup by 10.3% in the 3rd quarter. Morgan Stanley now owns 17,224,165 shares of the company’s stock worth $742,535,000 after buying an additional 1,603,608 shares during the last quarter. Finally, Boston Partners boosted its stake in shares of Citigroup by 23.1% in the 4th quarter. Boston Partners now owns 10,184,411 shares of the company’s stock worth $627,971,000 after buying an additional 1,914,198 shares during the last quarter. 72.99% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on C. DA Davidson boosted their target price on Citigroup from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, January 19th. Deutsche Bank Aktiengesellschaft boosted their target price on Citigroup from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, January 6th. Morgan Stanley boosted their target price on Citigroup from $58.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, November 30th. TheStreet upgraded Citigroup from a “c” rating to a “b” rating in a research note on Friday, January 15th. Finally, Barclays upped their price objective on Citigroup from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $71.57.

C stock traded up $0.53 during midday trading on Tuesday, reaching $66.05. 1,106,608 shares of the company’s stock traded hands, compared to its average volume of 20,635,299. The company has a 50-day moving average price of $63.13 and a two-hundred day moving average price of $53.63. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.97 and a current ratio of 0.97. Citigroup Inc. has a 52 week low of $32.00 and a 52 week high of $74.05. The firm has a market capitalization of $137.51 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95.

Citigroup (NYSE:C) last issued its earnings results on Thursday, January 14th. The company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.74. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The business had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.71 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, analysts predict that Citigroup Inc. will post 6.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Stockholders of record on Monday, February 1st will be issued a $0.51 dividend. The ex-dividend date is Friday, January 29th. This represents a $2.04 annualized dividend and a dividend yield of 3.09%. Citigroup’s payout ratio is currently 41.80%.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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