Salem Investment Counselors Inc. lowered its position in Citigroup Inc. (NYSE:C – Free Report) by 6.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,164 shares of the company’s stock after selling 2,504 shares during the period. Salem Investment Counselors Inc.’s holdings in Citigroup were worth $2,477,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in shares of Citigroup by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock worth $1,273,411,000 after buying an additional 1,836,283 shares during the last quarter. Putnam Investments LLC boosted its stake in Citigroup by 7.9% during the 4th quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock valued at $914,395,000 after purchasing an additional 1,300,520 shares during the last quarter. Norges Bank purchased a new stake in Citigroup during the 4th quarter valued at $867,599,000. Pzena Investment Management LLC boosted its stake in Citigroup by 1.3% during the 4th quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock valued at $866,797,000 after purchasing an additional 223,206 shares during the last quarter. Finally, Greenhaven Associates Inc. boosted its stake in Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after purchasing an additional 2,948,512 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.
Analyst Ratings Changes
C has been the topic of several recent analyst reports. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Royal Bank of Canada raised their price target on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Keefe, Bruyette & Woods raised their price target on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday. Piper Sandler raised their price target on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Jefferies Financial Group raised their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.03.
Get Our Latest Stock Report on C
Citigroup Trading Down 1.0 %
Shares of Citigroup stock opened at $59.99 on Monday. The firm has a market cap of $114.43 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 0.92 and a beta of 1.48. The business has a 50-day moving average price of $61.70 and a 200-day moving average price of $57.45. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $64.98.
Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 5.9 EPS for the current fiscal year.
Citigroup Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were paid a dividend of $0.53 per share. The ex-dividend date was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.53%. Citigroup’s dividend payout ratio is 62.72%.
Citigroup Company Profile
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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Source: defenseworld.net
