Atwood & Palmer Inc. lessened its holdings in shares of Citigroup Inc (NYSE:C) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 231,647 shares of the financial services provider’s stock after selling 800 shares during the quarter. Citigroup comprises 1.9% of Atwood & Palmer Inc.’s portfolio, making the stock its 19th biggest holding. Atwood & Palmer Inc.’s holdings in Citigroup were worth $12,060,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Evolution Wealth Advisors LLC bought a new stake in Citigroup in the 4th quarter worth approximately $29,000. Signet Investment Advisory Group Inc. bought a new stake in Citigroup in the 4th quarter worth approximately $32,000. Hudock Capital Group LLC increased its stake in Citigroup by 79.0% in the 4th quarter. Hudock Capital Group LLC now owns 836 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 369 shares during the last quarter. Ayalon Holdings Ltd. bought a new stake in Citigroup in the 4th quarter worth approximately $50,000. Finally, Ironwood Financial llc increased its stake in Citigroup by 97.2% in the 4th quarter. Ironwood Financial llc now owns 1,134 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 559 shares during the last quarter. 73.99% of the stock is currently owned by institutional investors.
C opened at $61.61 on Tuesday. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $78.42. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 1.00. The firm has a market cap of $159.37 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.67.
Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.06. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. During the same quarter in the previous year, the business earned $1.28 EPS. Citigroup’s revenue was down 2.3% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc will post 7.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 4th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, February 1st. Citigroup’s payout ratio is currently 27.07%.
A number of analysts have issued reports on C shares. Barclays reduced their price objective on Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. Wells Fargo & Co downgraded Citigroup to a “buy” rating in a research note on Friday, January 4th. Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Credit Suisse Group cut their target price on Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, December 7th. Finally, Standpoint Research raised Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price on the stock in a research report on Wednesday, December 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $77.20.
TRADEMARK VIOLATION WARNING: “Citigroup Inc (C) Position Cut by Atwood & Palmer Inc.” was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.thestockobserver.com/2019/02/12/citigroup-inc-c-position-cut-by-atwood-palmer-inc.html.
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.
Read More: Buyback
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.