Canandaigua National Corp Boosts Stake in Citigroup Inc. (NYSE:C)


Share on StockTwits

Canandaigua National Corp lifted its holdings in Citigroup Inc. (NYSE:C) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,623 shares of the company’s stock after acquiring an additional 1,029 shares during the quarter. Canandaigua National Corp’s holdings in Citigroup were worth $2,592,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. German American Bancorp Inc. grew its position in Citigroup by 1.5% during the fourth quarter. German American Bancorp Inc. now owns 74,979 shares of the company’s stock valued at $4,623,000 after buying an additional 1,106 shares during the period. Tompkins Financial Corp grew its position in Citigroup by 37,117.3% during the fourth quarter. Tompkins Financial Corp now owns 100,859 shares of the company’s stock valued at $4,247,000 after buying an additional 100,588 shares during the period. CHICAGO TRUST Co NA grew its position in Citigroup by 5.9% during the fourth quarter. CHICAGO TRUST Co NA now owns 45,299 shares of the company’s stock valued at $2,793,000 after buying an additional 2,540 shares during the period. Duncker Streett & Co. Inc. grew its position in Citigroup by 21.9% during the fourth quarter. Duncker Streett & Co. Inc. now owns 1,408 shares of the company’s stock valued at $87,000 after buying an additional 253 shares during the period. Finally, Davidson Investment Advisors grew its position in Citigroup by 37.7% during the fourth quarter. Davidson Investment Advisors now owns 193,973 shares of the company’s stock valued at $11,960,000 after buying an additional 53,109 shares during the period. Hedge funds and other institutional investors own 72.99% of the company’s stock.

C has been the topic of several analyst reports. Barclays raised their price target on shares of Citigroup from $77.00 to $84.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Citigroup from $66.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 19th. Wolfe Research downgraded shares of Citigroup from an “outperform” rating to a “peer perform” rating and set a $76.00 price objective on the stock. in a report on Monday. They noted that the move was a valuation call. Credit Suisse Group increased their price objective on shares of Citigroup from $65.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, December 11th. Finally, TheStreet raised shares of Citigroup from a “c” rating to a “b” rating in a report on Friday, January 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average price target of $72.66.

C stock traded down $0.74 during trading on Thursday, reaching $71.95. 378,891 shares of the stock were exchanged, compared to its average volume of 20,366,527. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.50. The business has a 50 day moving average price of $70.67 and a 200-day moving average price of $58.18. Citigroup Inc. has a 1 year low of $38.76 and a 1 year high of $76.13. The firm has a market capitalization of $150.14 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.25 and a beta of 1.95.

Citigroup (NYSE:C) last issued its earnings results on Thursday, January 14th. The company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.74. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The company had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.71 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. Citigroup’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, research analysts anticipate that Citigroup Inc. will post 6.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Monday, May 3rd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, April 30th. Citigroup’s dividend payout ratio is presently 41.80%.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Featured Story: Circuit Breakers

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).

Institutional Ownership by Quarter for Citigroup (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.