First Personal Financial Services Has $108,000 Stake in Citigroup Inc (C)
First Personal Financial Services lifted its position in shares of Citigroup Inc (NYSE:C) by 186.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,076 shares of the financial services provider’s stock after purchasing an additional 1,350 shares during the quarter. First Personal Financial Services’ holdings in Citigroup were worth $108,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Evolution Wealth Advisors LLC purchased a new position in Citigroup in the 4th quarter valued at $29,000. Hudock Capital Group LLC lifted its holdings in Citigroup by 79.0% in the 4th quarter. Hudock Capital Group LLC now owns 836 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 369 shares in the last quarter. Ayalon Holdings Ltd. purchased a new position in Citigroup in the 4th quarter valued at $50,000. Ironwood Financial llc lifted its holdings in Citigroup by 97.2% in the 4th quarter. Ironwood Financial llc now owns 1,134 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 559 shares in the last quarter. Finally, First Command Bank lifted its holdings in Citigroup by 153.6% in the 4th quarter. First Command Bank now owns 1,316 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 72.54% of the company’s stock.
A number of research analysts have weighed in on C shares. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Morgan Stanley decreased their price objective on Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, January 8th. Barclays reduced their price target on Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. TheStreet upgraded Citigroup from a “c+” rating to a “b” rating in a report on Friday, January 25th. Finally, Wells Fargo & Co lowered Citigroup to a “buy” rating in a report on Friday, January 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $76.36.
Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. On average, sell-side analysts forecast that Citigroup Inc will post 7.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 4th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, February 1st. Citigroup’s payout ratio is 27.07%.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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