Citigroup Inc. (NYSE:C) Holdings Raised by Stonegate Investment Group LLC

Stonegate Investment Group LLC increased its stake in Citigroup Inc. (NYSE:C) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,122 shares of the company’s stock after purchasing an additional 405 shares during the quarter. Stonegate Investment Group LLC’s holdings in Citigroup were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Creative Planning raised its position in Citigroup by 2.9% during the second quarter. Creative Planning now owns 378,990 shares of the company’s stock valued at $24,051,000 after buying an additional 10,518 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Citigroup by 58.4% in the 2nd quarter. NewEdge Advisors LLC now owns 127,121 shares of the company’s stock valued at $8,067,000 after purchasing an additional 46,890 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Citigroup by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 125,696 shares of the company’s stock worth $7,977,000 after purchasing an additional 3,004 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Citigroup by 23.6% during the second quarter. EP Wealth Advisors LLC now owns 17,342 shares of the company’s stock worth $1,101,000 after purchasing an additional 3,313 shares during the period. Finally, 3Chopt Investment Partners LLC purchased a new position in Citigroup during the second quarter valued at approximately $406,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE:C opened at $79.97 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The business’s fifty day moving average price is $72.93 and its two-hundred day moving average price is $66.32. Citigroup Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $82.77. The stock has a market capitalization of $151.24 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. The firm had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. As a group, analysts predict that Citigroup Inc. will post 7.51 EPS for the current fiscal year.

Citigroup declared that its board has authorized a stock repurchase program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s dividend payout ratio is currently 37.65%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer cut their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley raised their price objective on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Evercore ISI boosted their target price on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. The Goldman Sachs Group raised their price target on shares of Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Bank of America upped their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.