Flynn Zito Capital Management LLC Takes Position in Citigroup Inc. (NYSE:C)

Flynn Zito Capital Management LLC purchased a new stake in Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,652 shares of the company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in Citigroup during the third quarter worth $25,000. SkyView Investment Advisors LLC acquired a new position in Citigroup during the first quarter worth $28,000. Rakuten Securities Inc. acquired a new position in Citigroup during the fourth quarter worth $35,000. GHP Investment Advisors Inc. raised its position in Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 290 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its position in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 0.3 %

NYSE:C traded up $0.15 during mid-day trading on Thursday, hitting $58.32. 12,020,969 shares of the company’s stock were exchanged, compared to its average volume of 17,216,607. The company has a 50 day simple moving average of $58.11 and a 200-day simple moving average of $50.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The firm has a market capitalization of $111.70 billion, a P/E ratio of 17.24, a PEG ratio of 0.86 and a beta of 1.52.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the business earned $1.86 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts expect that Citigroup Inc. will post 5.91 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.64%. Citigroup’s payout ratio is 62.72%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on C. Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research report on Wednesday, January 10th. HSBC raised their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

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.