Oxbow Advisors LLC lifted its position in shares of Citigroup Inc (NYSE:C) by 26.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 68,061 shares of the financial services provider’s stock after purchasing an additional 14,040 shares during the period. Oxbow Advisors LLC’s holdings in Citigroup were worth $4,235,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Condor Capital Management lifted its stake in shares of Citigroup by 0.5% during the 4th quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock valued at $1,651,000 after buying an additional 164 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in Citigroup by 0.4% in the 4th quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock worth $2,080,000 after purchasing an additional 175 shares in the last quarter. TCI Wealth Advisors Inc. lifted its stake in Citigroup by 7.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 197 shares in the last quarter. Highstreet Asset Management Inc. lifted its stake in Citigroup by 1.9% in the 4th quarter. Highstreet Asset Management Inc. now owns 10,700 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 200 shares in the last quarter. Finally, Canton Hathaway LLC lifted its stake in Citigroup by 2.0% in the 1st quarter. Canton Hathaway LLC now owns 10,300 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 71.28% of the company’s stock.
Several analysts have commented on C shares. BMO Capital Markets upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and set a $58.90 price target on the stock in a research note on Tuesday, January 15th. They noted that the move was a valuation call. Jefferies Financial Group boosted their price target on shares of Citigroup to $64.00 and gave the stock a “hold” rating in a research note on Tuesday, January 15th. Credit Suisse Group reiterated an “outperform” rating and issued a $80.00 price target on shares of Citigroup in a research note on Tuesday, January 15th. Standpoint Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, Zacks Investment Research cut shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and a consensus target price of $80.29.
Citigroup stock opened at $64.38 on Tuesday. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $75.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $173.81 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.73 and a beta of 1.71.
Citigroup (NYSE:C) last posted its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The firm had revenue of $18.58 billion for the quarter, compared to the consensus estimate of $18.56 billion. During the same period in the previous year, the firm posted $1.68 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Citigroup Inc will post 7.6 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.80%. Citigroup’s dividend payout ratio (DPR) is presently 27.07%.
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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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