Wealth Quarterback LLC Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Wealth Quarterback LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,922 shares of the company’s stock after purchasing an additional 953 shares during the quarter. Wealth Quarterback LLC’s holdings in Citigroup were worth $973,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Citigroup during the 4th quarter valued at approximately $867,599,000. International Assets Investment Management LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $2,109,120,000. Greenhaven Associates Inc. boosted its holdings in shares of Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after buying an additional 2,948,512 shares during the period. AQR Capital Management LLC grew its position in shares of Citigroup by 42.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock valued at $266,709,000 after buying an additional 1,930,296 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after acquiring an additional 1,832,819 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 0.3 %

NYSE C traded down $0.16 on Friday, hitting $61.78. 7,140,426 shares of the stock were exchanged, compared to its average volume of 15,276,964. The company’s 50-day moving average price is $61.94 and its two-hundred day moving average price is $56.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $64.98. The company has a market capitalization of $117.84 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 0.93 and a beta of 1.48.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.86 EPS. Research analysts predict that Citigroup Inc. will post 5.96 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were paid a $0.53 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.43%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Analyst Ratings Changes

Several research firms have recently commented on C. Oppenheimer lowered their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Wells Fargo & Company restated an “overweight” rating and set a $80.00 price target on shares of Citigroup in a research report on Monday, April 1st. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Finally, Jefferies Financial Group boosted their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.66.

About Citigroup

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.