Eaton Vance Management lifted its position in shares of Citigroup (NYSE:C) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,425,762 shares of the financial services provider’s stock after purchasing an additional 4,020 shares during the quarter. Eaton Vance Management owned about 0.06% of Citigroup worth $96,239,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sawyer & Company Inc bought a new stake in Citigroup in the fourth quarter worth $117,000. Baldwin Brothers Inc. MA boosted its holdings in Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 750 shares in the last quarter. Risk Paradigm Group LLC boosted its holdings in Citigroup by 829.2% in the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 1,733 shares in the last quarter. Bedel Financial Consulting Inc. bought a new stake in Citigroup in the first quarter worth $133,000. Finally, Lee Financial Co boosted its holdings in Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 813 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.
Several equities research analysts have commented on the company. Daiwa Capital Markets downgraded Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday. ValuEngine downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Morgan Stanley dropped their target price on Citigroup from $93.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, April 30th. Vining Sparks reissued a “buy” rating and issued a $82.00 target price on shares of Citigroup in a report on Monday, April 16th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $76.00 target price on shares of Citigroup in a report on Friday, April 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.92.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. Citigroup’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 earnings per share. research analysts anticipate that Citigroup will post 6.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Monday, May 7th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, May 4th. Citigroup’s dividend payout ratio (DPR) is presently 24.02%.
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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