FDO Partners LLC Invests $1 Million in Citigroup Inc (C) Stock
FDO Partners LLC purchased a new stake in shares of Citigroup Inc (NYSE:C) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,764 shares of the financial services provider’s stock, valued at approximately $1,001,000.
A number of other hedge funds also recently added to or reduced their stakes in C. HCR Wealth Advisors lifted its position in shares of Citigroup by 5.4% during the 3rd quarter. HCR Wealth Advisors now owns 20,987 shares of the financial services provider’s stock worth $1,527,000 after buying an additional 1,071 shares in the last quarter. Fagan Associates Inc. lifted its position in shares of Citigroup by 53.5% during the 3rd quarter. Fagan Associates Inc. now owns 20,299 shares of the financial services provider’s stock worth $1,477,000 after buying an additional 7,074 shares in the last quarter. Tredje AP fonden lifted its position in shares of Citigroup by 23.9% during the 3rd quarter. Tredje AP fonden now owns 313,093 shares of the financial services provider’s stock worth $22,774,000 after buying an additional 60,420 shares in the last quarter. Sarasin & Partners LLP lifted its position in shares of Citigroup by 4.3% during the 3rd quarter. Sarasin & Partners LLP now owns 971,874 shares of the financial services provider’s stock worth $70,694,000 after buying an additional 39,709 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Citigroup by 2.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 470,458 shares of the financial services provider’s stock worth $34,221,000 after buying an additional 11,270 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.
C has been the topic of several recent analyst reports. Atlantic Securities reissued an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Deutsche Bank reaffirmed a “hold” rating and issued a $67.00 price target (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Raymond James Financial reaffirmed an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and an average price target of $79.30.
Citigroup Inc (C) opened at $78.30 on Friday. Citigroup Inc has a one year low of $55.23 and a one year high of $78.44. The firm has a market cap of $198,892.28, a P/E ratio of -25.26, a P/E/G ratio of 1.47 and a beta of 1.56. 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 released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same period in the previous year, the business earned $1.14 EPS. Citigroup’s revenue was up 1.4% compared to the same quarter last year. equities analysts predict that Citigroup Inc will post 6.33 earnings per share 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 paid a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Citigroup’s dividend payout ratio is -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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