Citigroup Inc. (NYSE:C) Shares Bought by LVZ Inc.

LVZ Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:CFree Report) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,722 shares of the company’s stock after acquiring an additional 708 shares during the period. LVZ Inc.’s holdings in Citigroup were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of C. Panagora Asset Management Inc. grew its position in shares of Citigroup by 24.5% during the first quarter. Panagora Asset Management Inc. now owns 29,752 shares of the company’s stock worth $1,589,000 after acquiring an additional 5,853 shares during the last quarter. Zions Bancorporation N.A. grew its position in Citigroup by 50.5% in the 1st quarter. Zions Bancorporation N.A. now owns 6,256 shares of the company’s stock valued at $334,000 after buying an additional 2,100 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Citigroup by 20.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 5,274 shares of the company’s stock valued at $282,000 after buying an additional 907 shares during the last quarter. Ergoteles LLC purchased a new position in Citigroup in the 1st quarter valued at $761,000. Finally, Halbert Hargrove Global Advisors LLC grew its position in Citigroup by 7.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 4,077 shares of the company’s stock valued at $218,000 after buying an additional 268 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

C stock traded down $0.70 during trading on Wednesday, hitting $62.14. The stock had a trading volume of 6,891,278 shares, compared to its average volume of 17,193,168. The company’s 50 day moving average price is $56.94 and its two-hundred day moving average price is $49.59. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The stock has a market cap of $119.02 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.77 and a beta of 1.52. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:CGet Free Report) last announced its earnings results on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($1.89). Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. During the same period in the previous year, the firm posted $1.10 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Citigroup Inc. will post 5.83 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s payout ratio is 53.13%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Oppenheimer lowered their price objective on shares of Citigroup from $95.00 to $88.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and raised their target price for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. Finally, TheStreet raised Citigroup from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.56.

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Citigroup Company Profile

(Free Report)

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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