AGF Investments Inc. grew its position in shares of Citigroup Inc (NYSE:C) by 76.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,512 shares of the financial services provider’s stock after buying an additional 27,175 shares during the quarter. AGF Investments Inc.’s holdings in Citigroup were worth $2,633,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of C. Leavell Investment Management Inc. lifted its position in shares of Citigroup by 6.4% during the 4th quarter. Leavell Investment Management Inc. now owns 3,345 shares of the financial services provider’s stock worth $267,000 after buying an additional 200 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Citigroup by 226.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,381 shares of the financial services provider’s stock worth $350,000 after buying an additional 3,038 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Citigroup during the 4th quarter worth approximately $1,028,000. Segment Wealth Management LLC bought a new position in shares of Citigroup during the 4th quarter worth approximately $330,000. Finally, Signet Financial Management LLC purchased a new stake in shares of Citigroup during the 4th quarter worth approximately $1,025,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
C has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 1st. Odeon Capital Group lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Cfra upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, March 2nd. Wells Fargo & Co decreased their price target on shares of Citigroup from $85.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, Morgan Stanley decreased their price target on shares of Citigroup from $63.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and a consensus price target of $77.68.
C opened at $44.10 on Friday. The company has a fifty day moving average price of $43.88 and a 200-day moving average price of $64.42. The firm has a market capitalization of $93.68 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.83. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc has a one year low of $32.00 and a one year high of $83.11.
Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. The firm had revenue of $20.73 billion during the quarter, compared to analyst estimates of $18.98 billion. Citigroup had a net margin of 16.56% and a return on equity of 9.15%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.87 EPS. On average, analysts expect that Citigroup Inc will post 3.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a dividend of $0.51 per share. The ex-dividend date was Friday, May 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.63%. Citigroup’s dividend payout ratio (DPR) is currently 26.91%.
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).
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