Sumitomo Life Insurance Co. lifted its stake in Citigroup Inc (NYSE:C) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,247 shares of the financial services provider’s stock after buying an additional 4,071 shares during the period. Sumitomo Life Insurance Co.’s holdings in Citigroup were worth $5,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of C. Miles Capital Inc. lifted its stake in shares of Citigroup by 1.0% in the fourth quarter. Miles Capital Inc. now owns 13,024 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 130 shares in the last quarter. Principle Wealth Partners LLC lifted its stake in shares of Citigroup by 4.5% in the third quarter. Principle Wealth Partners LLC now owns 3,075 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 133 shares in the last quarter. Ridgewood Investments LLC lifted its stake in shares of Citigroup by 3.7% in the third quarter. Ridgewood Investments LLC now owns 4,085 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 146 shares in the last quarter. Truewealth LLC lifted its stake in shares of Citigroup by 33.5% in the fourth quarter. Truewealth LLC now owns 606 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 152 shares in the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Citigroup by 1.3% in the fourth quarter. Ballentine Partners LLC now owns 12,073 shares of the financial services provider’s stock worth $965,000 after acquiring an additional 153 shares in the last quarter. 77.02% of the stock is owned by institutional investors.

Shares of NYSE C traded down $1.76 during mid-day trading on Friday, hitting $78.04. The company had a trading volume of 8,513,988 shares, compared to its average volume of 11,000,139. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day simple moving average is $78.80 and its 200-day simple moving average is $72.12. Citigroup Inc has a 12 month low of $60.05 and a 12 month high of $83.11. The firm has a market cap of $174.87 billion, a P/E ratio of 9.71, a PEG ratio of 0.79 and a beta of 1.81.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 14th. The financial services provider reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.04. Citigroup had a net margin of 18.75% and a return on equity of 10.32%. The business had revenue of $18.38 billion during the quarter, compared to analysts’ expectations of $17.95 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that Citigroup Inc will post 8.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, January 31st. Citigroup’s payout ratio is presently 26.91%.

C has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Citigroup from $77.50 to $84.50 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday. Credit Suisse Group upped their price objective on Citigroup from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Goldman Sachs Group upped their price objective on Citigroup from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, UBS Group increased their price objective on Citigroup from $87.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and a consensus price target of $89.61.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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