Chatham Capital Group Inc. decreased its position in Citigroup Inc (NYSE:C) by 26.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,815 shares of the financial services provider’s stock after selling 1,000 shares during the period. Chatham Capital Group Inc.’s holdings in Citigroup were worth $209,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of C. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $1,034,000. Sawyer & Company Inc acquired a new position in shares of Citigroup in the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA raised its holdings in shares of Citigroup by 88.4% in the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after buying an additional 750 shares in the last quarter. Balentine LLC raised its holdings in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares in the last quarter. 79.62% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on C shares. Raymond James Financial started coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Vetr cut Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price for the company. in a report on Wednesday, November 29th. Nomura increased their target price on Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Citigroup in a report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods raised their price target on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup has a consensus rating of “Buy” and a consensus target price of $79.65.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. equities analysts anticipate that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. Citigroup’s payout ratio is -41.29%.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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