1,006 Shares in Citigroup Inc. (NYSE:C) Purchased by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC bought a new stake in Citigroup Inc. (NYSE:C) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,006 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SageView Advisory Group LLC boosted its position in shares of Citigroup by 50.3% in the 4th quarter. SageView Advisory Group LLC now owns 14,361 shares of the company’s stock worth $820,000 after buying an additional 4,807 shares in the last quarter. Fisher Asset Management LLC raised its position in Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock worth $1,273,411,000 after acquiring an additional 1,836,283 shares during the last quarter. Slagle Financial LLC lifted its holdings in shares of Citigroup by 102.6% in the fourth quarter. Slagle Financial LLC now owns 89,748 shares of the company’s stock valued at $4,617,000 after purchasing an additional 45,454 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Citigroup by 86.8% during the 4th quarter. Wellington Management Group LLP now owns 2,206,189 shares of the company’s stock worth $113,486,000 after purchasing an additional 1,025,422 shares in the last quarter. Finally, Processus Wealth & Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth approximately $1,609,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on C. Evercore ISI raised their price target on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research note on Wednesday, January 10th. Wells Fargo & Company reissued an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Trading Down 0.6 %

Shares of C stock traded down $0.40 on Monday, reaching $62.26. 11,295,567 shares of the stock were exchanged, compared to its average volume of 16,965,133. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a market cap of $119.24 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. The firm has a 50 day moving average of $59.24 and a two-hundred day moving average of $52.21. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 earnings per share. On average, research analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.41%. Citigroup’s payout ratio is 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.