AGF Management Ltd. Raises Stake in Citigroup Inc. (NYSE:C)

AGF Management Ltd. lifted its stake in shares of Citigroup Inc. (NYSE:CFree Report) by 42.4% during the 4th quarter, Holdings Channel reports. The fund owned 34,769 shares of the company’s stock after buying an additional 10,360 shares during the quarter. AGF Management Ltd.’s holdings in Citigroup were worth $1,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of C. Rossmore Private Capital raised its position in Citigroup by 1.5% in the fourth quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock valued at $710,000 after purchasing an additional 200 shares during the period. Monaco Asset Management SAM purchased a new position in Citigroup during the fourth quarter worth about $1,029,000. Wharton Business Group LLC increased its position in shares of Citigroup by 4.2% during the fourth quarter. Wharton Business Group LLC now owns 42,868 shares of the company’s stock valued at $2,205,000 after acquiring an additional 1,745 shares during the last quarter. Access Investment Management LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $6,018,000. Finally, Calton & Associates Inc. acquired a new position in shares of Citigroup in the 4th quarter worth approximately $367,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Evercore ISI boosted their price target on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. HSBC lifted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Oppenheimer dropped their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Finally, Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.85.

Check Out Our Latest Report on Citigroup

Citigroup Stock Performance

Shares of C opened at $63.58 on Wednesday. The company has a market capitalization of $121.28 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.97. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average price of $60.74 and a 200 day moving average price of $53.97.

Citigroup (NYSE:CGet Free Report) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.86 EPS. Research analysts predict that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

About Citigroup

(Free Report)

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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