Wedge Capital Management L L P NC Has $33.27 Million Stake in Citigroup Inc (C)

Wedge Capital Management L L P NC cut its stake in Citigroup Inc (NYSE:C) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 447,113 shares of the financial services provider’s stock after selling 43,706 shares during the period. Wedge Capital Management L L P NC’s holdings in Citigroup were worth $33,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Leisure Capital Management grew its position in Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares during the period. Carnegie Capital Asset Management LLC grew its position in Citigroup by 0.5% in the second quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 101 shares during the period. Frontier Wealth Management LLC boosted its position in shares of Citigroup by 1.3% during the second quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock worth $729,000 after buying an additional 140 shares during the period. Keel Point LLC boosted its position in shares of Citigroup by 1.0% during the second quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock worth $983,000 after buying an additional 143 shares during the period. Finally, Regal Investment Advisors LLC boosted its position in shares of Citigroup by 4.2% during the second quarter. Regal Investment Advisors LLC now owns 3,958 shares of the financial services provider’s stock worth $265,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 79.62% of the company’s stock.

Several research analysts have recently commented on the company. Macquarie raised their price target on Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price target for the company. in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and an average target price of $79.65.

Shares of Citigroup Inc (NYSE:C) opened at $76.46 on Wednesday. Citigroup Inc has a 52 week low of $56.55 and a 52 week high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $202,160.00, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54.

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, beating the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period last year, the firm earned $1.14 earnings per share. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. equities research analysts predict that Citigroup Inc will post 6.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is 23.06%.

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Citigroup Company 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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