Investment Partners Ltd. OH ADV Buys New Holdings in Citigroup Inc (C)

Investment Partners Ltd. OH ADV bought a new stake in Citigroup Inc (NYSE:C) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,157 shares of the financial services provider’s stock, valued at approximately $235,000.

Several other large investors have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Citigroup during the second quarter worth about $1,034,000. Sawyer & Company Inc acquired a new position in shares of Citigroup during the fourth quarter worth about $117,000. Baldwin Brothers Inc. MA grew its position in Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after buying an additional 750 shares during the period. Balentine LLC grew its position in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the period. Finally, Acrospire Investment Management LLC grew its position in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the period. 79.62% of the stock is owned by institutional investors and hedge funds.

Citigroup Inc (NYSE:C) opened at $76.82 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $197,427.38, a P/E ratio of -24.78, a P/E/G ratio of 1.12 and a beta of 1.54. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. research analysts forecast that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is currently -41.29%.

Several research analysts have weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of Citigroup in a research report on Wednesday, January 17th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Macquarie upped their target price on shares of Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price on the stock. in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $79.65.

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Citigroup Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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