Summit Trail Advisors LLC boosted its stake in shares of Citigroup Inc (NYSE:C) by 5,933.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,103,074 shares of the financial services provider’s stock after buying an additional 1,084,792 shares during the quarter. Summit Trail Advisors LLC’s holdings in Citigroup were worth $1,103,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stelac Advisory Services LLC acquired a new position in shares of Citigroup in the 1st quarter valued at about $116,000. Bedel Financial Consulting Inc. acquired a new position in shares of Citigroup in the 1st quarter valued at about $133,000. Twin Tree Management LP lifted its stake in shares of Citigroup by 100.4% in the 1st quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 535,686 shares during the period. Clearwater Capital Advisors LLC acquired a new position in shares of Citigroup in the 1st quarter valued at about $143,000. Finally, Risk Paradigm Group LLC lifted its stake 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 purchasing an additional 1,733 shares during the period. 76.54% of the stock is currently owned by hedge funds and other institutional investors.
C has been the topic of a number of recent analyst reports. UBS Group raised Citigroup from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $80.00 in a research note on Thursday, April 5th. Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Morgan Stanley dropped their price target on Citigroup from $93.00 to $88.00 and set an “overweight” rating on the stock in a research note on Monday, April 30th. HSBC raised Citigroup from a “hold” rating to a “buy” rating and upped their price target for the stock from $82.00 to $85.00 in a research note on Wednesday, April 11th. Finally, Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, April 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.78.
Shares of C opened at $67.38 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $171.63 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 0.96 and a beta of 1.51. Citigroup Inc has a 52 week low of $63.16 and a 52 week high of $80.70.
Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.35 EPS. analysts expect that Citigroup Inc will post 6.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Monday, May 7th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, May 4th. Citigroup’s dividend payout ratio is presently 24.02%.
In other news, CFO John C. Gerspach sold 12,966 shares of the company’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 value of $937,571.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company’s stock.
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.
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.