Valeo Financial Advisors LLC grew its position in Citigroup Inc (NYSE:C) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,529 shares of the financial services provider’s stock after acquiring an additional 8,824 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Citigroup were worth $3,834,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. FMR LLC lifted its position in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after buying an additional 4,061,637 shares in the last quarter. Harris Associates L P lifted its position in Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after buying an additional 221,171 shares in the last quarter. Northern Trust Corp lifted its position in Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after buying an additional 1,011,532 shares in the last quarter. Boston Partners lifted its position in Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after buying an additional 817,162 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Citigroup by 4.7% during the third quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock worth $1,754,343,000 after buying an additional 1,091,989 shares in the last quarter. Institutional investors and hedge funds own 80.21% of the company’s stock.
Shares of Citigroup Inc (NYSE C) opened at $74.91 on Wednesday. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $195,376.41, a price-to-earnings ratio of 14.26, a PEG ratio of 1.10 and a beta of 1.51.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a $0.32 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. Citigroup’s payout ratio is presently -41.29%.
Several equities research analysts have issued reports on C shares. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods raised their target price on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Nomura set a $87.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price for the company. in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Hold” and a consensus price target of $79.65.
WARNING: This piece was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3261124/valeo-financial-advisors-llc-grows-stake-in-citigroup-inc-c.html.
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.
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.