4,719 Shares in Citigroup Inc (C) Acquired by Signature Financial Management Inc.
Signature Financial Management Inc. acquired a new position in Citigroup Inc (NYSE:C) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,719 shares of the financial services provider’s stock, valued at approximately $245,000.
A number of other hedge funds have also bought and sold shares of the business. Nippon Life Global Investors Americas Inc. bought a new stake in shares of Citigroup in the third quarter valued at $10,067,000. Nicholas Investment Partners LP bought a new stake in shares of Citigroup in the third quarter valued at $1,873,000. Graticule Asia Macro Advisors LLC raised its stake in shares of Citigroup by 86.0% in the third quarter. Graticule Asia Macro Advisors LLC now owns 120,000 shares of the financial services provider’s stock valued at $8,729,000 after buying an additional 55,500 shares during the period. National Asset Management Inc. raised its stake in shares of Citigroup by 10.3% in the third quarter. National Asset Management Inc. now owns 36,631 shares of the financial services provider’s stock valued at $2,665,000 after buying an additional 3,424 shares during the period. Finally, SevenBridge Financial Group LLC raised its stake in shares of Citigroup by 6.5% in the third quarter. SevenBridge Financial Group LLC now owns 27,144 shares of the financial services provider’s stock valued at $1,974,000 after buying an additional 1,663 shares during the period. 78.61% of the stock is currently owned by institutional investors and hedge funds.
C has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Citigroup in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group set a $81.00 price objective on Citigroup and gave the company a “neutral” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $79.30.
Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. equities analysts predict that Citigroup Inc will post 6.33 earnings per share 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. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Citigroup’s dividend payout ratio is currently -41.29%.
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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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