Palo Capital Inc. raised its stake in Citigroup Inc (NYSE:C) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,632 shares of the financial services provider’s stock after buying an additional 4,423 shares during the period. Citigroup makes up about 2.1% of Palo Capital Inc.’s investment portfolio, making the stock its 6th largest holding. Palo Capital Inc.’s holdings in Citigroup were worth $4,660,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Augustine Asset Management Inc. raised its stake in Citigroup by 2.7% during the 4th quarter. Augustine Asset Management Inc. now owns 98,369 shares of the financial services provider’s stock valued at $7,319,000 after purchasing an additional 2,577 shares during the period. Patten & Patten Inc. TN raised its stake in Citigroup by 15.7% during the 4th quarter. Patten & Patten Inc. TN now owns 90,153 shares of the financial services provider’s stock valued at $6,708,000 after purchasing an additional 12,240 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Citigroup by 31.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 108,387 shares of the financial services provider’s stock valued at $8,065,000 after purchasing an additional 25,652 shares during the period. V Wealth Management LLC raised its stake in Citigroup by 29.1% during the 4th quarter. V Wealth Management LLC now owns 4,181 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 942 shares during the period. Finally, Personal Capital Advisors Corp acquired a new stake in Citigroup during the 4th quarter valued at $314,000. 80.94% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the stock. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a research note on Monday. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Nomura set a $87.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus price target of $79.44.

Shares of Citigroup Inc (C) opened at $74.99 on Thursday. The stock has a market cap of $198,270.00, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.09 and a beta of 1.54. Citigroup Inc has a fifty-two week low of $56.14 and a fifty-two week high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.

Citigroup (NYSE:C) last issued its quarterly earnings data 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 analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors 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 1.71%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is presently 23.06%.

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Citigroup 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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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