Intelligence Driven Advisers LLC Buys New Stake in Citigroup Inc. (NYSE:C)

Intelligence Driven Advisers LLC bought a new stake in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,997 shares of the company’s stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Orion Capital Management LLC bought a new stake in shares of Citigroup in the 4th quarter worth about $26,000. Carmel Capital Partners LLC bought a new stake in shares of Citigroup in the 3rd quarter worth about $25,000. Rakuten Securities Inc. bought a new stake in shares of Citigroup in the 4th quarter worth about $35,000. AlphaMark Advisors LLC increased its position in shares of Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Citigroup in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 0.4 %

C stock traded up $0.22 during trading hours on Thursday, hitting $61.57. The company’s stock had a trading volume of 5,899,632 shares, compared to its average volume of 16,727,039. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $117.92 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The stock has a 50 day moving average price of $59.48 and a two-hundred day moving average price of $52.41.

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

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on C. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. HSBC upped their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. BMO Capital Markets lowered shares of 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, Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.85.

Citigroup Profile

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.