Stevens Capital Management LP Has $1.20 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Stevens Capital Management LP grew its stake in Citigroup Inc. (NYSE:C) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,406 shares of the company’s stock after purchasing an additional 4,074 shares during the period. Stevens Capital Management LP’s holdings in Citigroup were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Carmel Capital Partners LLC acquired a new position in Citigroup in the third quarter valued at about $25,000. GHP Investment Advisors Inc. lifted its position in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares in the last quarter. AlphaMark Advisors LLC increased its position in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Citigroup during the third quarter worth approximately $35,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $35,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Performance

Shares of C stock traded up $0.87 on Friday, hitting $62.66. The company’s stock had a trading volume of 15,510,677 shares, compared to its average volume of 17,024,633. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The company has a market capitalization of $120.01 billion, a PE ratio of 18.57, a PEG ratio of 0.94 and a beta of 1.52. The stock’s 50 day moving average is $58.94 and its 200-day moving average is $51.77. 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 (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.86 earnings per share. Equities research analysts expect that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is currently 62.72%.

Analyst Ratings Changes

A number of brokerages have commented on C. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. HSBC boosted their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Evercore ISI raised their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. One research 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. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target 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.