Cwm LLC Increases Stock Position in Citigroup Inc. (NYSE:C)

Cwm LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 56.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,849 shares of the company’s stock after buying an additional 13,955 shares during the period. Cwm LLC’s holdings in Citigroup were worth $1,998,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. GHP Investment Advisors Inc. raised its stake in shares of Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares in the last quarter. Caprock Group LLC raised its stake in Citigroup by 3.0% during the third quarter. Caprock Group LLC now owns 21,077 shares of the company’s stock worth $867,000 after acquiring an additional 604 shares during the period. Czech National Bank raised its stake in Citigroup by 46.0% during the third quarter. Czech National Bank now owns 336,573 shares of the company’s stock worth $13,843,000 after acquiring an additional 106,117 shares during the period. Connecticut Wealth Management LLC acquired a new stake in Citigroup during the third quarter worth about $324,000. Finally, MCF Advisors LLC raised its stake in Citigroup by 6.9% during the third quarter. MCF Advisors LLC now owns 8,244 shares of the company’s stock worth $339,000 after acquiring an additional 529 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

C has been the topic of several research reports. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. HSBC increased their price objective on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Barclays increased their price objective on shares of Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price for the company. in a research report on Wednesday, January 10th. Finally, Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Trading Down 1.1 %

Citigroup stock opened at $61.78 on Friday. The firm has a 50 day simple moving average of $58.94 and a 200-day simple moving average of $51.77. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $118.33 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same period last year, the firm posted $1.86 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts expect that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio is presently 62.72%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.