Keel Point LLC Buys New Stake in Citigroup Inc. (NYSE:C)

Keel Point LLC bought a new position in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,707 shares of the company’s stock, valued at approximately $242,000.

A number of other hedge funds also recently bought and sold shares of C. Carmel Capital Partners LLC bought a new position in shares of Citigroup during the 3rd quarter worth about $25,000. SkyView Investment Advisors LLC acquired a new stake in Citigroup during the first quarter worth about $28,000. GHP Investment Advisors Inc. increased its stake in Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. AlphaMark Advisors LLC raised its holdings 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. Finally, Tennessee Valley Asset Management Partners acquired a new position in Citigroup in the 4th quarter valued at approximately $39,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Down 2.7 %

NYSE:C opened at $56.98 on Wednesday. The company has a market cap of $109.13 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.92 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. The stock’s fifty day moving average price is $58.04 and its two-hundred day moving average price is $50.93. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 earnings per share. On average, analysts anticipate that Citigroup Inc. will post 5.73 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is 62.72%.

Analyst Upgrades and Downgrades

C has been the subject of several research reports. Barclays raised their target price on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a research note on Wednesday, January 10th. Finally, Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.91.

About Citigroup

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.