Point72 Asia Hong Kong Ltd Takes Position in Citigroup Inc (C)

Point72 Asia Hong Kong Ltd bought a new stake in Citigroup Inc (NYSE:C) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,925 shares of the financial services provider’s stock, valued at approximately $1,075,000. Citigroup comprises approximately 0.6% of Point72 Asia Hong Kong Ltd’s portfolio, making the stock its 13th largest holding.

Other large investors have also recently bought and sold shares of the company. Stelac Advisory Services LLC acquired a new stake in Citigroup during the 1st quarter worth $116,000. Bedel Financial Consulting Inc. acquired a new stake in Citigroup during the 1st quarter worth $133,000. Twin Tree Management LP grew its holdings in Citigroup by 100.4% during the 1st quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 535,686 shares during the period. Clearwater Capital Advisors LLC acquired a new stake in Citigroup during the 1st quarter worth $143,000. Finally, Risk Paradigm Group LLC grew its holdings in Citigroup by 829.2% during the 4th 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 during the period. Institutional investors own 76.67% of the company’s stock.

In related news, CFO John C. Gerspach sold 12,966 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.



A number of analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, March 15th. ValuEngine lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 1st. HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and boosted their price target for the company from $82.00 to $85.00 in a report on Wednesday, April 11th. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price target for the company in a report on Friday, April 6th. Finally, Daiwa Capital Markets lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 price target for the company. in a report on Thursday, May 17th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $81.37.

Shares of NYSE:C opened at $66.34 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup Inc has a one year low of $63.16 and a one year high of $80.70. The stock has a market cap of $170.04 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 EPS. equities analysts forecast that Citigroup Inc will post 6.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Monday, May 7th were paid a $0.32 dividend. The ex-dividend date was Friday, May 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.93%. Citigroup’s dividend payout ratio (DPR) is currently 24.02%.

Citigroup Profile

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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