Citigroup Inc. (NYSE:C) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in Citigroup Inc. (NYSE:C) by 60.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,388 shares of the company’s stock after purchasing an additional 4,657 shares during the quarter. Ballentine Partners LLC’s holdings in Citigroup were worth $783,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new stake in Citigroup in the 4th quarter valued at approximately $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of Citigroup in the fourth quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC grew its holdings in Citigroup by 1,962.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after acquiring an additional 569 shares during the period. Rakuten Securities Inc. purchased a new position in Citigroup in the fourth quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Citigroup in the fourth quarter valued at $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Jefferies Financial Group increased their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday. HSBC upped their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. One research 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.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.03.

Citigroup Stock Up 1.2 %

Shares of NYSE:C traded up $0.72 during trading on Monday, hitting $60.71. The company’s stock had a trading volume of 1,780,378 shares, compared to its average volume of 15,025,403. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $64.98. The stock’s 50-day moving average price is $61.70 and its two-hundred day moving average price is $57.45. 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 company has a market capitalization of $115.80 billion, a PE ratio of 17.75, a PEG ratio of 0.92 and a beta of 1.48.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.86 earnings per share. As a group, sell-side analysts expect that Citigroup Inc. will post 5.9 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.49%. Citigroup’s payout ratio is currently 62.72%.

Citigroup 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.