Family Management Corp Has $4.32 Million Stake in Citigroup Inc (C)
Family Management Corp reduced its position in Citigroup Inc (NYSE:C) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,322 shares of the financial services provider’s stock after selling 1,970 shares during the period. Citigroup comprises approximately 3.0% of Family Management Corp’s holdings, making the stock its 14th largest position. Family Management Corp’s holdings in Citigroup were worth $4,315,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Boston Private Wealth LLC increased its position in shares of Citigroup by 2.1% in the third quarter. Boston Private Wealth LLC now owns 252,136 shares of the financial services provider’s stock worth $18,341,000 after acquiring an additional 5,181 shares in the last quarter. Private Wealth Advisors Inc. increased its position in shares of Citigroup by 11.9% in the third quarter. Private Wealth Advisors Inc. now owns 11,715 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 1,245 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Citigroup by 5.6% in the third quarter. Brown Advisory Inc. now owns 308,705 shares of the financial services provider’s stock worth $22,455,000 after acquiring an additional 16,418 shares in the last quarter. USS Investment Management Ltd increased its position in shares of Citigroup by 40.2% in the third quarter. USS Investment Management Ltd now owns 3,450,000 shares of the financial services provider’s stock worth $250,867,000 after acquiring an additional 990,000 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its position in shares of Citigroup by 13.4% in the third quarter. Pittenger & Anderson Inc. now owns 56,185 shares of the financial services provider’s stock worth $4,087,000 after acquiring an additional 6,650 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Citigroup Inc (NYSE C) opened at $77.39 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $204,620.00, a P/E ratio of -26.78, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56. Citigroup Inc has a one year low of $55.23 and a one year high of $78.44.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. equities research analysts predict that Citigroup Inc will post 6.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. Citigroup’s dividend payout ratio (DPR) is presently -44.29%.
Several research firms have recently weighed in on C. Nomura set a $87.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Citigroup in a report on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $85.00 price target on shares of Citigroup in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $79.30.
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Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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