Ballentine Partners LLC Trims Holdings in Citigroup Inc (C)

Ballentine Partners LLC trimmed its position in shares of Citigroup Inc (NYSE:C) by 26.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,706 shares of the financial services provider’s stock after selling 2,807 shares during the period. Ballentine Partners LLC’s holdings in Citigroup were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in C. Appleton Partners Inc. MA lifted its position in shares of Citigroup by 0.4% during the fourth quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock worth $2,080,000 after acquiring an additional 175 shares in the last quarter. TCI Wealth Advisors Inc. raised its position in shares of Citigroup by 7.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock worth $146,000 after buying an additional 197 shares in the last quarter. Stillwater Investment Management LLC raised its position in shares of Citigroup by 0.7% in the fourth quarter. Stillwater Investment Management LLC now owns 29,668 shares of the financial services provider’s stock worth $1,545,000 after buying an additional 204 shares in the last quarter. Resource Management LLC raised its position in shares of Citigroup by 3.1% in the fourth quarter. Resource Management LLC now owns 7,412 shares of the financial services provider’s stock worth $385,000 after buying an additional 226 shares in the last quarter. Finally, KCS Wealth Advisory raised its position in shares of Citigroup by 2.2% in the fourth quarter. KCS Wealth Advisory now owns 10,461 shares of the financial services provider’s stock worth $545,000 after buying an additional 228 shares in the last quarter. 73.99% of the stock is owned by institutional investors and hedge funds.

NYSE C opened at $63.04 on Thursday. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $78.42. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a market cap of $159.37 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.78 and a beta of 1.67.

Citigroup (NYSE:C) last released its quarterly earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share 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 business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.57 billion. During the same quarter last year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts predict that Citigroup Inc will post 7.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 4th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.86%. Citigroup’s payout ratio is 27.07%.

A number of equities research analysts recently issued reports on C shares. TheStreet upgraded Citigroup from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Monday, December 10th. Wells Fargo & Co downgraded Citigroup to a “buy” rating in a research report on Friday, January 4th. Finally, Standpoint Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price objective on the stock in a research report on Wednesday, December 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $76.80.

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Citigroup 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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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