InterOcean Capital LLC bought a new stake in shares of Citigroup Inc (NYSE:C) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,942 shares of the financial services provider’s stock, valued at approximately $334,000.
Several other large investors have also made changes to their positions in the business. Linscomb & Williams Inc. raised its stake in shares of Citigroup by 8.0% during the fourth quarter. Linscomb & Williams Inc. now owns 8,787 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 654 shares in the last quarter. Pillar Pacific Capital Management LLC raised its stake in shares of Citigroup by 0.6% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 119,037 shares of the financial services provider’s stock valued at $8,857,000 after acquiring an additional 660 shares in the last quarter. Logan Capital Management Inc. raised its stake in shares of Citigroup by 20.0% during the fourth quarter. Logan Capital Management Inc. now owns 4,124 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 687 shares in the last quarter. Elgethun Capital Management raised its stake in shares of Citigroup by 2.7% during the first quarter. Elgethun Capital Management now owns 26,857 shares of the financial services provider’s stock valued at $1,813,000 after acquiring an additional 694 shares in the last quarter. Finally, River Wealth Advisors LLC raised its stake in shares of Citigroup by 19.7% during the first quarter. River Wealth Advisors LLC now owns 4,532 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 745 shares in the last quarter. Institutional investors and hedge funds own 76.67% of the company’s stock.
C has been the subject of several research analyst reports. UBS Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and lifted their price target for the company from $78.00 to $80.00 in a research note on Thursday, April 5th. Zacks Investment Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Morgan Stanley reduced their price objective on shares of Citigroup from $93.00 to $88.00 and set an “overweight” rating for the company in a research note on Monday, April 30th. HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $85.00 in a research note on Wednesday, April 11th. Finally, Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price objective for the company in a research note on Friday, April 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $80.79.
NYSE C opened at $67.61 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 12-month low of $63.16 and a 12-month high of $80.70. The firm has a market capitalization of $175.05 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.99 and a beta of 1.51.
Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. sell-side analysts anticipate that Citigroup Inc will post 6.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Monday, May 7th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, May 4th. Citigroup’s dividend payout ratio (DPR) is presently 24.02%.
In other news, CFO John C. Gerspach sold 12,966 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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