1 week Ago By ABMN Staff
GAMMA Investing LLC grew its holdings in shares of Citigroup Inc. ( NYSE:C – Free Report ) by 12.2% during the fourth quarter, Holdings Channel.
com reports. The firm owned 30,381 shares of the company’s stock after buying an additional 3,308 shares during the quarter. GAMMA Investing LLC’s holdings in Citigroup were worth $2,139,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in Citigroup in the third quarter worth approximately $28,000. Strategic Investment Solutions Inc.
IL acquired a new stake in Citigroup in the 2nd quarter worth $31,000. Legacy Investment Solutions LLC acquired a new stake in Citigroup during the third quarter worth about $31,000. Strategic Financial Concepts LLC increased its position in shares of Citigroup by 1,139.
7% during the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after purchasing an additional 48,484 shares during the period. Finally, GHP Investment Advisors Inc.
raised its stake in shares of Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc.
now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In C has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and raised their price target for the company from $70.00 to $82.
00 in a report on Tuesday, December 3rd. Piper Sandler boosted their price objective on shares of Citigroup from $73.00 to $80.
00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Oppenheimer lifted their price objective on Citigroup from $91.00 to $107.
00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Bank of America increased their target price on Citigroup from $78.00 to $90.
00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.
00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.47. Citigroup Trading Down 0.
6 % Shares of C opened at $69.94 on Friday. Citigroup Inc.
has a 1-year low of $50.51 and a 1-year high of $73.38.
The firm has a market capitalization of $132.28 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 0.
80 and a beta of 1.45. The company has a current ratio of 0.
96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.
The firm’s 50-day moving average price is $69.00 and its 200-day moving average price is $64.49.
Citigroup ( NYSE:C – Get Free Report ) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.
31 by $0.20. The business had revenue of $20.
32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.
19% and a net margin of 4.70%. Citigroup’s revenue was up .
9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS.
Sell-side analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current year.
Citigroup Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share.
The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.
20%. Citigroup’s dividend payout ratio (DPR) is 64.93%.
Citigroup Company Profile ( 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. Recommended Stories 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 – Free Report ). Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.
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