United Asset Strategies Inc. boosted its holdings in shares of Citigroup Inc (NYSE:C) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,440 shares of the financial services provider’s stock after purchasing an additional 9,772 shares during the quarter. Citigroup comprises approximately 1.2% of United Asset Strategies Inc.’s holdings, making the stock its 27th largest position. United Asset Strategies Inc.’s holdings in Citigroup were worth $5,067,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in shares of Citigroup in the 1st quarter worth approximately $27,000. Evolution Wealth Advisors LLC bought a new position in shares of Citigroup during the 4th quarter worth approximately $29,000. Larson Financial Group LLC bought a new position in shares of Citigroup during the 4th quarter worth approximately $29,000. Signet Investment Advisory Group Inc. bought a new position in shares of Citigroup during the 4th quarter worth approximately $32,000. Finally, Blume Capital Management Inc. lifted its position in shares of Citigroup by 4,615.4% during the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock worth $32,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 71.11% of the company’s stock.
Several equities analysts recently commented on C shares. Zacks Investment Research upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Morgan Stanley raised their target price on Citigroup from $76.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Odeon Capital Group started coverage on Citigroup in a research report on Wednesday, March 27th. They set a “hold” rating for the company. Oppenheimer raised their target price on Citigroup from $94.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, UBS Group raised their target price on Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.45.
C stock opened at $65.07 on Friday. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. The firm has a market cap of $167.23 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.71 and a beta of 1.71. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.
Citigroup (NYSE:C) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.09. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The firm had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same period last year, the firm posted $1.68 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts expect that Citigroup Inc will post 7.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 2.77%. Citigroup’s dividend payout ratio is 27.07%.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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