Stewardship Financial Advisors LLC acquired a new stake in Citigroup Inc (NYSE:C) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 36,105 shares of the financial services provider’s stock, valued at approximately $2,437,000. Citigroup comprises about 1.2% of Stewardship Financial Advisors LLC’s investment portfolio, making the stock its 15th largest holding.
A number of other large investors also recently modified their holdings of C. Regent Investment Management LLC increased its holdings in Citigroup by 5.7% during the fourth quarter. Regent Investment Management LLC now owns 26,230 shares of the financial services provider’s stock worth $1,952,000 after buying an additional 1,410 shares during the last quarter. Advisor Partners LLC increased its stake in shares of Citigroup by 8.9% in the fourth quarter. Advisor Partners LLC now owns 60,972 shares of the financial services provider’s stock worth $4,774,000 after purchasing an additional 5,002 shares in the last quarter. Highland Private Wealth Management purchased a new position in shares of Citigroup in the fourth quarter worth about $221,000. Tarbox Family Office Inc. increased its stake in shares of Citigroup by 17.3% in the fourth quarter. Tarbox Family Office Inc. now owns 5,594 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 827 shares in the last quarter. Finally, Seminole Management Co. Inc. increased its stake in shares of Citigroup by 6.2% in the fourth quarter. Seminole Management Co. Inc. now owns 720,540 shares of the financial services provider’s stock worth $53,615,000 after purchasing an additional 42,040 shares in the last quarter. 76.54% of the stock is owned by institutional investors and hedge funds.
Citigroup stock traded down $0.43 during mid-day trading on Friday, reaching $67.20. The stock had a trading volume of 16,330,378 shares, compared to its average volume of 17,010,678. The stock has a market cap of $173.81 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.98 and a beta of 1.51. Citigroup Inc has a one year low of $63.16 and a one year high of $80.70. 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 announced its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. Citigroup’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. equities analysts expect that Citigroup Inc will post 6.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Monday, May 7th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 4th. Citigroup’s dividend payout ratio (DPR) is presently 24.02%.
In other news, CFO John C. Gerspach sold 12,966 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total value of $937,571.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.
C has been the subject of several recent analyst reports. UBS Group raised shares of 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. Vining Sparks reiterated a “buy” rating and set a $82.00 target price on shares of Citigroup in a research report on Monday, April 16th. Deutsche Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, BMO Capital Markets restated a “hold” rating and issued a $76.00 price objective on shares of Citigroup in a report on Friday, April 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $80.78.
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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