PDS Planning Inc Takes $231,000 Position in Citigroup Inc. (NYSE:C)

PDS Planning Inc bought a new stake in Citigroup Inc. (NYSE:C) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,496 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Carmel Capital Partners LLC acquired a new position in Citigroup during the 3rd quarter valued at approximately $25,000. GHP Investment Advisors Inc. raised its stake in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the period. AlphaMark Advisors LLC grew its stake in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Citigroup in the 3rd quarter worth approximately $35,000. Finally, Rakuten Securities Inc. acquired a new stake in Citigroup during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE C opened at $62.66 on Wednesday. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The stock has a market capitalization of $120.00 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.91 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $58.64 and a 200 day moving average price of $51.62.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts predict that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is currently 62.72%.

Wall Street Analyst Weigh In

C has been the topic of several analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Oppenheimer dropped their target price on Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Monday, April 15th. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

About Citigroup

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.