Pinnacle Wealth Planning Services Inc. bought a new stake in Citigroup (NYSE:C) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,048 shares of the financial services provider’s stock, valued at approximately $226,000.
Several other large investors also recently added to or reduced their stakes in C. Advisors Capital Management LLC grew its holdings in Citigroup by 2.8% during the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after acquiring an additional 5,125 shares during the period. Principal Financial Group Inc. grew its holdings in Citigroup by 17.3% during the third quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock worth $354,216,000 after acquiring an additional 717,320 shares during the period. Gs Investments Inc. acquired a new position in Citigroup during the second quarter worth $301,000. Foster & Motley Inc. acquired a new position in Citigroup during the third quarter worth $281,000. Finally, Prudential Financial Inc. grew its holdings in Citigroup by 17.0% during the third quarter. Prudential Financial Inc. now owns 7,514,341 shares of the financial services provider’s stock worth $546,594,000 after acquiring an additional 1,092,980 shares during the period. 80.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of Citigroup (C) opened at $72.70 on Tuesday. 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 has a 12-month low of $56.55 and a 12-month high of $80.70. The stock has a market capitalization of $188,822.75, a price-to-earnings ratio of -23.45, a PEG ratio of 1.06 and a beta of 1.51.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a $0.32 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.76%. Citigroup’s dividend payout ratio is currently -41.29%.
A number of analysts have commented on C shares. Morgan Stanley boosted their target price on Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, March 15th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on Citigroup and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Wells Fargo set a $100.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $86.00 target price on shares of Citigroup in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $79.69.
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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