Duality Advisers LP Purchases New Stake in Citigroup Inc. (NYSE:C)

Duality Advisers LP acquired a new position in Citigroup Inc. (NYSE:C) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 82,067 shares of the company’s stock, valued at approximately $4,222,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC bought a new position in shares of Citigroup during the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. boosted its position in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the period. SkyView Investment Advisors LLC bought a new position in Citigroup during the 1st quarter worth $28,000. AlphaMark Advisors LLC increased its position in Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. Finally, Janiczek Wealth Management LLC lifted its stake in Citigroup by 115.0% in the third quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock valued at $33,000 after buying an additional 429 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE:C traded up $0.82 during trading hours on Friday, hitting $59.14. 13,410,056 shares of the company’s stock traded hands, compared to its average volume of 15,644,248. The company’s fifty day simple moving average is $58.30 and its two-hundred day simple moving average is $51.32. The company has a market cap of $113.27 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 earnings per share. As a group, equities analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Wall Street Analyst Weigh In

Several research firms have recently commented on C. Jefferies Financial Group upped their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Societe Generale cut Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup 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.