Citigroup (C) Shares Bought by Paragon Associates & Paragon Associates II Joint Venture

Paragon Associates & Paragon Associates II Joint Venture boosted its position in Citigroup (NYSE:C) by 20.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 175,000 shares of the financial services provider’s stock after purchasing an additional 30,000 shares during the period. Citigroup makes up approximately 10.8% of Paragon Associates & Paragon Associates II Joint Venture’s holdings, making the stock its 2nd biggest position. Paragon Associates & Paragon Associates II Joint Venture’s holdings in Citigroup were worth $13,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Balentine LLC raised its holdings in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares during the period. Sawyer & Company Inc acquired a new position in shares of Citigroup during the fourth quarter valued at about $117,000. Baldwin Brothers Inc. MA raised its holdings in shares of Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 750 shares during the period. Lee Financial Co raised its holdings in shares of Citigroup by 57.0% during the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 813 shares during the period. Finally, Omnia Family Wealth LLC raised its holdings in shares of Citigroup by 187.7% during the fourth quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 80.08% of the company’s stock.

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Shares of Citigroup stock opened at $67.90 on Friday. Citigroup has a 52-week low of $56.55 and a 52-week high of $80.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $174,507.48, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.98 and a beta of 1.51.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the firm posted $1.14 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts predict that Citigroup will post 6.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s payout ratio is -41.29%.

Several brokerages have recently weighed in on C. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. ValuEngine downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Morgan Stanley boosted their target price on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, March 15th. Jefferies Group reissued a “hold” rating and set a $83.00 target price on shares of Citigroup in a research report on Tuesday, January 16th. Finally, Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price for the company. in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.69.

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About Citigroup

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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