Court Place Advisors LLC Acquires New Position in Citigroup Inc. (NYSE:C)

Court Place Advisors LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,003 shares of the company’s stock, valued at approximately $257,000.

Several other large investors have also modified their holdings of C. Panagora Asset Management Inc. raised its holdings in shares of Citigroup by 24.5% in the 1st quarter. Panagora Asset Management Inc. now owns 29,752 shares of the company’s stock valued at $1,589,000 after purchasing an additional 5,853 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in shares of Citigroup by 50.5% in the 1st quarter. Zions Bancorporation N.A. now owns 6,256 shares of the company’s stock valued at $334,000 after purchasing an additional 2,100 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Citigroup by 20.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 5,274 shares of the company’s stock worth $282,000 after buying an additional 907 shares during the last quarter. Ergoteles LLC purchased a new position in shares of Citigroup in the 1st quarter worth approximately $761,000. Finally, Halbert Hargrove Global Advisors LLC grew its position in shares of Citigroup by 7.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 4,077 shares of the company’s stock worth $218,000 after buying an additional 268 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE:C traded up $1.15 during trading hours on Wednesday, reaching $58.17. 14,882,195 shares of the company were exchanged, compared to its average volume of 17,329,232. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock’s 50-day moving average is $58.04 and its 200-day moving average is $50.93. The firm has a market cap of $111.41 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion during 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 period in the prior year, the business earned $1.86 earnings per share. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.73 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on C shares. Evercore ISI lifted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Oppenheimer dropped their target price on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.91.

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.