4,741 Shares in Citigroup Inc. (NYSE:C) Acquired by Sightline Wealth Advisors LLC

Sightline Wealth Advisors LLC purchased a new stake in shares of Citigroup Inc. (NYSE:CFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,741 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Panagora Asset Management Inc. increased its position in Citigroup by 24.5% during the first quarter. Panagora Asset Management Inc. now owns 29,752 shares of the company’s stock worth $1,589,000 after acquiring an additional 5,853 shares during the period. Zions Bancorporation N.A. boosted its position in Citigroup by 50.5% during the first quarter. Zions Bancorporation N.A. now owns 6,256 shares of the company’s stock worth $334,000 after purchasing an additional 2,100 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Citigroup by 20.8% in the first quarter. Brown Brothers Harriman & Co. now owns 5,274 shares of the company’s stock worth $282,000 after buying an additional 907 shares in the last quarter. Ergoteles LLC bought a new position in Citigroup during the first quarter valued at approximately $761,000. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in shares of Citigroup by 7.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 4,077 shares of the company’s stock worth $218,000 after purchasing an additional 268 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Down 1.0 %

NYSE:C traded down $0.63 on Tuesday, reaching $62.83. 16,061,325 shares of the stock traded hands, compared to its average volume of 17,359,219. The firm has a market capitalization of $120.34 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.52. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52. The company’s 50 day moving average is $56.94 and its 200-day moving average is $49.59.

Citigroup (NYSE:CGet Free Report) last posted its earnings results on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The company had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $18.71 billion. Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. Equities research analysts anticipate that Citigroup Inc. will post 5.83 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio is 53.13%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price target on shares of Citigroup in a research report on Monday. HSBC upped their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. Finally, TheStreet upgraded Citigroup from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.56.

Read Our Latest Report on Citigroup

Citigroup Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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