Citigroup Inc (C) Shares Bought by Laurel Grove Capital LLC
Laurel Grove Capital LLC grew its stake in Citigroup Inc (NYSE:C) by 958.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,400 shares of the financial services provider’s stock after acquiring an additional 31,150 shares during the period. Citigroup accounts for about 1.3% of Laurel Grove Capital LLC’s investment portfolio, making the stock its 26th biggest position. Laurel Grove Capital LLC’s holdings in Citigroup were worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Analysts LLC raised its stake in shares of Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after acquiring an additional 2,367 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Citigroup by 5.2% during the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after buying an additional 205,298 shares during the period. Bank of Hawaii grew its position in shares of Citigroup by 52.2% during the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after buying an additional 2,242 shares during the period. Norinchukin Bank The grew its position in shares of Citigroup by 41.0% during the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after buying an additional 39,898 shares during the period. Finally, Advisors Capital Management LLC grew its position in shares of Citigroup by 2.8% during the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 5,125 shares during the period. 80.94% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price target on shares of Citigroup in a research report on Wednesday, January 17th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and an average target price of $79.44.
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, beating 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%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. equities analysts forecast that Citigroup Inc will post 6.4 EPS for the current year.
The company 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.
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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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