Brinker Capital Inc. raised its stake in shares of Citigroup Inc (NYSE:C) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,318 shares of the financial services provider’s stock after acquiring an additional 21,781 shares during the quarter. Brinker Capital Inc.’s holdings in Citigroup were worth $11,130,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of C. Simon Quick Advisors LLC lifted its position in Citigroup by 268.7% during the 4th quarter. Simon Quick Advisors LLC now owns 365 shares of the financial services provider’s stock worth $29,000 after buying an additional 266 shares in the last quarter. Arlington Partners LLC acquired a new position in Citigroup during the 4th quarter worth approximately $32,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $32,000. Allred Capital Management LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $35,000. Finally, Horizon Bancorp Inc. IN acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.
Several research firms have weighed in on C. TheStreet cut Citigroup from a “b” rating to a “c+” rating in a research report on Tuesday, March 17th. Deutsche Bank lowered Citigroup from a “buy” rating to a “hold” rating and raised their price objective for the company from $84.00 to $88.00 in a research note on Monday, January 6th. BMO Capital Markets raised their price objective on Citigroup from $95.00 to $97.00 and gave the company an “average” rating in a research note on Wednesday, January 15th. They noted that the move was a valuation call. Morgan Stanley reduced their price objective on Citigroup from $91.00 to $79.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. Finally, Bank of America reissued a “buy” rating and set a $94.00 price target on shares of Citigroup in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $89.34.
Shares of NYSE C traded up $3.14 during midday trading on Thursday, hitting $45.00. 7,126,814 shares of the stock traded hands, compared to its average volume of 36,067,200. The company has a market cap of $85.31 billion, a PE ratio of 5.60, a P/E/G ratio of 0.46 and a beta of 1.76. Citigroup Inc has a one year low of $32.00 and a one year high of $83.11. The business has a 50 day moving average price of $63.58 and a two-hundred day moving average price of $71.65. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.00 and a current ratio of 1.00.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.04. The firm had revenue of $18.38 billion during the quarter, compared to the consensus estimate of $17.95 billion. Citigroup had a return on equity of 10.32% and a net margin of 18.75%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. As a group, equities research analysts forecast that Citigroup Inc will post 8.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.04 annualized dividend and a dividend yield of 4.53%. Citigroup’s dividend payout ratio is 26.91%.
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).
Further Reading: What are earnings reports?
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).
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.com's FREE daily email newsletter.