Mark Sheptoff Financial Planning LLC trimmed its holdings in Citigroup Inc (NYSE:C) by 25.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,151 shares of the financial services provider’s stock after selling 3,419 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Citigroup were worth $685,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Sawyer & Company Inc purchased a new stake in Citigroup during the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA increased its holdings in Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 750 shares during the last quarter. Bedel Financial Consulting Inc. purchased a new stake in Citigroup during the 1st quarter worth approximately $133,000. Risk Paradigm Group LLC increased its holdings in shares of Citigroup by 829.2% in the 4th quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Lee Financial Co increased its holdings in shares of Citigroup by 57.0% in the 4th quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 813 shares during the last quarter. 76.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Citigroup traded down $0.32, hitting $67.29, during midday trading on Wednesday, Marketbeat reports. The company had a trading volume of 17,529,714 shares, compared to its average volume of 17,027,094. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $175.05 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.99 and a beta of 1.51. Citigroup Inc has a 12 month low of $63.16 and a 12 month high of $80.70.
Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $1.35 EPS. equities research analysts expect that Citigroup Inc will post 6.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Monday, May 7th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 4th. Citigroup’s dividend payout ratio is currently 24.02%.
A number of research analysts recently issued reports on the company. ValuEngine lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Morgan Stanley boosted their price target on Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, March 15th. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Daiwa Capital Markets lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price on the stock. in a research report on Thursday, May 17th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $76.00 target price on shares of Citigroup in a research report on Friday, April 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. Citigroup currently has a consensus rating of “Hold” and a consensus target price of $80.79.
In other news, CFO John C. Gerspach sold 12,966 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.11% of the company’s stock.
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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