Palouse Capital Management Inc. lowered its stake in shares of Citigroup Inc (NYSE:C) by 27.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,037 shares of the financial services provider’s stock after selling 17,511 shares during the quarter. Palouse Capital Management Inc.’s holdings in Citigroup were worth $3,426,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of C. Balentine LLC increased its holdings in 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 during the period. Acrospire Investment Management LLC increased its holdings in 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 during the period. Sawyer & Company Inc acquired a new position in Citigroup in the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA increased its holdings in 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 during the period. Finally, Risk Paradigm Group LLC increased its holdings in Citigroup by 692.0% in the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock worth $153,000 after buying an additional 1,993 shares during the period. Hedge funds and other institutional investors own 79.62% of the company’s stock.
Several brokerages recently weighed in on C. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target on the stock. in a report on Monday, January 29th. Morgan Stanley increased their price target on shares of Citigroup from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Friday, February 2nd. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods lowered Citigroup from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $90.00 to $82.00 in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $79.65.
Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the firm posted $1.14 EPS. The business’s revenue was up 1.4% on a year-over-year basis. analysts expect that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. Citigroup’s dividend payout ratio (DPR) is -41.29%.
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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