Wetherby Asset Management Inc. increased its stake in shares of Citigroup Inc (NYSE:C) by 5.5% during the 4th quarter, Holdings Channel reports. The firm owned 46,750 shares of the financial services provider’s stock after purchasing an additional 2,444 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Citigroup were worth $3,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carnegie Capital Asset Management LLC grew its position in Citigroup by 0.5% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after acquiring an additional 101 shares during the last quarter. Frontier Wealth Management LLC grew its position in Citigroup by 1.3% in the 2nd quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 140 shares during the last quarter. Keel Point LLC grew its position in Citigroup by 1.0% in the 2nd quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock valued at $983,000 after acquiring an additional 143 shares during the last quarter. Evercore Wealth Management LLC grew its position in Citigroup by 2.5% in the 2nd quarter. Evercore Wealth Management LLC now owns 7,977 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 197 shares during the last quarter. Finally, Landmark Financial Advisors LLC grew its position in Citigroup by 5.9% in the 2nd quarter. Landmark Financial Advisors LLC now owns 4,463 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 250 shares during the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Citigroup Inc (C) opened at $74.91 on Wednesday. Citigroup Inc has a 1-year low of $56.55 and a 1-year high of $80.70. The firm has a market capitalization of $195,376.41, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the business earned $1.14 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts predict that Citigroup Inc will post 6.41 earnings per share for the current fiscal year.

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 $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio is -41.29%.

Several equities analysts have commented on the company. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $79.65.

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Citigroup 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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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