Schwartz Investment Counsel Inc. Has $1.91 Million Stake in Citigroup Inc (C)

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Schwartz Investment Counsel Inc. lifted its position in Citigroup Inc (NYSE:C) by 12.9% during the first quarter, Holdings Channel reports. The institutional investor owned 30,700 shares of the financial services provider’s stock after buying an additional 3,500 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Citigroup were worth $1,910,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new stake in Citigroup during the 1st quarter worth approximately $27,000. Evolution Wealth Advisors LLC purchased a new stake in Citigroup during the 4th quarter worth approximately $29,000. Larson Financial Group LLC purchased a new stake in Citigroup during the 4th quarter worth approximately $29,000. Blume Capital Management Inc. grew its position in 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 purchasing an additional 600 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in Citigroup by 49.5% during the 1st quarter. Sound Income Strategies LLC now owns 619 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 205 shares during the last quarter. 71.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE C opened at $65.07 on Monday. 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 Inc has a 12 month low of $48.42 and a 12 month high of $75.24. The company has a market cap of $167.23 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.71 and a beta of 1.71.

Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same period in the previous year, the business posted $1.68 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Citigroup Inc will post 7.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 27.07%.

In related news, CEO Stephen Bird sold 30,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total value of $2,079,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.09% of the company’s stock.

Several analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Zacks Investment Research downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Jefferies Financial Group raised shares of Citigroup from a “hold” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $73.00 in a research report on Friday, February 22nd. UBS Group boosted their target price on shares of Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Oppenheimer lifted their price objective on shares of Citigroup from $94.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $80.45.

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Citigroup Company Profile

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).

Further Reading: What is Put Option Volume?

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).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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