Meyer Handelman Co. raised its position in shares of Citigroup Inc (NYSE:C) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,486 shares of the financial services provider’s stock after acquiring an additional 730 shares during the quarter. Meyer Handelman Co.’s holdings in Citigroup were worth $2,524,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in C. Evolution Wealth Advisors LLC purchased a new position in Citigroup in the fourth quarter worth approximately $29,000. Signet Investment Advisory Group Inc. purchased a new position in Citigroup in the fourth quarter worth approximately $32,000. Hudock Capital Group LLC grew its position in Citigroup by 79.0% in the fourth quarter. Hudock Capital Group LLC now owns 836 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 369 shares during the period. Ayalon Holdings Ltd. purchased a new position in Citigroup in the fourth quarter worth approximately $50,000. Finally, Financial Gravity Companies Inc. purchased a new position in Citigroup in the fourth quarter worth approximately $65,000. 71.25% of the stock is owned by institutional investors and hedge funds.
In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.27, for a total value of $348,343.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
NYSE:C opened at $64.38 on Wednesday. The firm has a market capitalization of $165.18 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.81 and a beta of 1.67. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $78.42. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.30.
Citigroup (NYSE:C) last released its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.06. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. Citigroup’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. Equities research analysts predict that Citigroup Inc will post 7.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 4th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.80%. Citigroup’s dividend payout ratio (DPR) is presently 27.07%.
C has been the subject of several research analyst reports. TheStreet upgraded Citigroup from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Zacks Investment Research lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Standpoint Research lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Credit Suisse Group restated an “outperform” rating and set a $80.00 price target on shares of Citigroup in a research report on Tuesday, January 15th. Finally, Jefferies Financial Group raised their price target on Citigroup to $64.00 and gave the stock a “hold” rating in a research report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $76.80.
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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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