Columbia Trust Co 01012016 Purchases 1,772 Shares of Citigroup Inc. (NYSE:C)

Columbia Trust Co 01012016 lifted its stake in Citigroup Inc. (NYSE:C) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,379 shares of the company’s stock after buying an additional 1,772 shares during the quarter. Columbia Trust Co 01012016’s holdings in Citigroup were worth $997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Schechter Investment Advisors LLC raised its stake in shares of Citigroup by 8.5% in the fourth quarter. Schechter Investment Advisors LLC now owns 26,946 shares of the company’s stock worth $1,386,000 after buying an additional 2,120 shares during the period. Abundance Wealth Counselors raised its stake in shares of Citigroup by 3.1% in the fourth quarter. Abundance Wealth Counselors now owns 15,504 shares of the company’s stock worth $798,000 after buying an additional 462 shares during the period. Douglas Lane & Associates LLC raised its stake in shares of Citigroup by 0.6% in the fourth quarter. Douglas Lane & Associates LLC now owns 674,992 shares of the company’s stock worth $34,722,000 after buying an additional 4,158 shares during the period. Connective Portfolio Management LLC bought a new position in shares of Citigroup in the fourth quarter worth about $1,029,000. Finally, ZRC Wealth Management LLC bought a new stake in Citigroup during the 4th quarter valued at approximately $82,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 1.2 %

NYSE C traded up $0.72 on Tuesday, reaching $61.67. 17,941,806 shares of the stock traded hands, compared to its average volume of 17,423,281. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average price of $55.83 and a 200-day moving average price of $48.85. The company has a market cap of $118.12 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.68 and a beta of 1.50. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $61.95.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing the consensus estimate of $0.73 by ($1.89). The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, research analysts forecast that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s payout ratio is 53.13%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on C. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. Piper Sandler raised Citigroup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $56.00 to $63.00 in a research note on Wednesday, February 14th. The Goldman Sachs Group upgraded Citigroup from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $68.00 in a report on Thursday, March 14th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Daiwa Capital Markets upgraded Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.03.

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.