Ritholtz Wealth Management Buys 14,278 Shares of Citigroup Inc. (NYSE:C)

Ritholtz Wealth Management grew its stake in Citigroup Inc. (NYSE:C) by 38.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,533 shares of the company’s stock after purchasing an additional 14,278 shares during the period. Ritholtz Wealth Management’s holdings in Citigroup were worth $2,651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of C. Snider Financial Group boosted its stake in shares of Citigroup by 96,645.9% during the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after purchasing an additional 84,407,589 shares during the period. Norges Bank purchased a new position in shares of Citigroup during the fourth quarter valued at approximately $631,922,000. Moneta Group Investment Advisors LLC grew its stake in shares of Citigroup by 87,332.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock valued at $339,738,000 after buying an additional 7,502,751 shares during the last quarter. Greenhaven Associates Inc. raised its holdings in shares of Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after buying an additional 2,948,512 shares during the period. Finally, AQR Capital Management LLC lifted its stake 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 worth $266,709,000 after acquiring an additional 1,930,296 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.8 %

Shares of C traded up $0.49 during trading hours on Thursday, hitting $63.24. The company had a trading volume of 19,000,791 shares, compared to its average volume of 17,437,029. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $121.12 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.50. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.37. The company’s fifty day moving average price is $56.06 and its two-hundred day moving average price is $48.95.

Citigroup (NYSE:C) last announced its earnings results on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The firm had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. As a group, equities analysts forecast that Citigroup Inc. will post 5.83 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.12 dividend on an annualized basis and a yield of 3.35%. Citigroup’s payout ratio is 53.13%.

Analyst Upgrades and Downgrades

C has been the topic of several research analyst reports. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Barclays raised their price target on shares of Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research report on Wednesday, January 3rd. The Goldman Sachs Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $68.00 in a research report on Thursday, March 14th. Finally, Oppenheimer decreased their price target on shares of Citigroup from $95.00 to $88.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.56.

Citigroup Company 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.