Azimuth Capital Management LLC Has $4.80 Million Stock Position in Citigroup Inc. (NYSE:C)


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Azimuth Capital Management LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 77,903 shares of the company’s stock after buying an additional 585 shares during the period. Azimuth Capital Management LLC’s holdings in Citigroup were worth $4,803,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of C. Ruggie Capital Group increased its holdings in shares of Citigroup by 496.0% during the 3rd quarter. Ruggie Capital Group now owns 602 shares of the company’s stock worth $26,000 after acquiring an additional 501 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new position in shares of Citigroup during the 4th quarter worth approximately $27,000. Advisory Alpha LLC acquired a new position in shares of Citigroup during the 3rd quarter worth approximately $28,000. Johnson Midwest Financial LLC acquired a new position in shares of Citigroup during the 4th quarter worth approximately $29,000. Finally, Capstone Triton Financial Group LLC acquired a new position in shares of Citigroup during the 4th quarter worth approximately $29,000. 72.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of C stock traded up $0.23 on Tuesday, hitting $65.75. 1,356,569 shares of the company’s stock were exchanged, compared to its average volume of 20,635,299. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.97 and a quick ratio of 0.97. Citigroup Inc. has a 12 month low of $32.00 and a 12 month high of $74.05. The stock has a market cap of $136.89 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95. The company has a 50 day moving average of $63.13 and a 200 day moving average of $53.63.

Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, January 14th. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.74. Citigroup had a return on equity of 6.63% and a net margin of 13.17%. The business had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.71 billion. During the same period in the prior year, the company earned $1.90 EPS. Citigroup’s revenue for the quarter was down 10.2% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 6.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Monday, February 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 29th. This represents a $2.04 dividend on an annualized basis and a yield of 3.10%. Citigroup’s payout ratio is presently 41.80%.

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Citigroup from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, January 6th. TheStreet raised Citigroup from a “c” rating to a “b” rating in a report on Friday, January 15th. Credit Suisse Group boosted their price target on Citigroup from $65.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, December 11th. DA Davidson boosted their price target on Citigroup from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, January 19th. Finally, Morgan Stanley boosted their price target on Citigroup from $58.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, November 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $71.57.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Read More: Why is the ex-dividend date different from the record date?

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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