Squarepoint Ops LLC Invests $36.40 Million in Citigroup Inc (C) Stock

Squarepoint Ops LLC bought a new position in shares of Citigroup Inc (NYSE:C) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 699,257 shares of the financial services provider’s stock, valued at approximately $36,403,000. Citigroup makes up 0.4% of Squarepoint Ops LLC’s holdings, making the stock its 24th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC bought a new stake in shares of Citigroup during the 4th quarter valued at $29,000. Larson Financial Group LLC bought a new stake in shares of Citigroup during the 4th quarter valued at $29,000. Signet Investment Advisory Group Inc. bought a new stake in shares of Citigroup during the 4th quarter valued at $32,000. Blume Capital Management Inc. raised its position in shares of Citigroup by 4,615.4% during the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 600 shares during the last quarter. Finally, Acima Private Wealth LLC bought a new stake in shares of Citigroup during the 4th quarter valued at $33,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

In other news, 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 transaction of $442,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $64.27, for a total transaction of $348,343.40. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Shares of NYSE C traded down $0.68 during trading hours on Friday, hitting $69.67. 13,513,780 shares of the stock were exchanged, compared to its average volume of 15,146,666. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $179.06 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 0.80 and a beta of 1.67. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24.

Citigroup (NYSE:C) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.09. The business had revenue of $18.58 billion for the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. On average, equities research analysts forecast that Citigroup Inc will post 7.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.45 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%. Citigroup’s dividend payout ratio is currently 27.07%.

Several brokerages have recently issued reports on C. Barclays decreased their price target on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, January 2nd. Zacks Investment Research raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Wells Fargo & Co lowered shares of Citigroup to a “buy” rating in a research note on Friday, January 4th. Morgan Stanley upped their target price on shares of Citigroup from $76.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, Standpoint Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price for the company in a research note on Wednesday, December 26th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $80.61.

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Citigroup 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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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