Fulton Bank N.A. grew its position in shares of Citigroup Inc. (NYSE:C) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,885 shares of the company’s stock after purchasing an additional 1,781 shares during the period. Fulton Bank N.A.’s holdings in Citigroup were worth $1,592,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. Peapack Gladstone Financial Corp grew its position in Citigroup by 6.2% in the third quarter. Peapack Gladstone Financial Corp now owns 4,757 shares of the company’s stock worth $205,000 after acquiring an additional 279 shares in the last quarter. Advisory Alpha LLC purchased a new position in Citigroup in the third quarter worth about $28,000. AQR Capital Management LLC grew its position in Citigroup by 0.3% in the third quarter. AQR Capital Management LLC now owns 1,545,792 shares of the company’s stock worth $66,516,000 after acquiring an additional 4,657 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Citigroup by 317.9% during the third quarter. Cubist Systematic Strategies LLC now owns 564,796 shares of the company’s stock valued at $24,348,000 after buying an additional 429,640 shares during the period. Finally, Te Ahumairangi Investment Management Ltd purchased a new position in shares of Citigroup during the third quarter valued at approximately $5,660,000. Institutional investors own 72.99% of the company’s stock.
Several research analysts have issued reports on C shares. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating and set a $70.00 target price for the company in a research report on Wednesday, December 30th. Daiwa Capital Markets started coverage on Citigroup in a research report on Wednesday, January 6th. They set a “buy” rating and a $75.00 target price for the company. TheStreet upgraded Citigroup from a “c” rating to a “b” rating in a research report on Friday, January 15th. Wolfe Research lowered Citigroup from an “outperform” rating to a “peer perform” rating and set a $76.00 target price for the company. in a research report on Monday. They noted that the move was a valuation call. Finally, Wells Fargo & Company boosted their target price on Citigroup from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, March 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $72.66.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, January 14th. The company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.74. The business had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.71 billion. Citigroup had a return on equity of 6.63% and a net margin of 13.17%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 earnings per share. Equities analysts anticipate that Citigroup Inc. will post 6.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Monday, May 3rd will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, April 30th. Citigroup’s dividend payout ratio (DPR) is presently 41.80%.
Citigroup Company Profile
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).
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