Choreo LLC Acquires Shares of 6,441 Citigroup Inc. (NYSE:C)

Choreo LLC purchased a new stake in Citigroup Inc. (NYSE:C) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,441 shares of the company’s stock, valued at approximately $331,000.

Other institutional investors also recently modified their holdings of the company. Carmel Capital Partners LLC bought a new stake in shares of Citigroup during the third quarter valued at about $25,000. AlphaMark Advisors LLC lifted its stake in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. OFI Invest Asset Management bought a new position in Citigroup in the 3rd quarter valued at $35,000. Rakuten Securities Inc. bought a new stake in Citigroup during the fourth quarter valued at $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Citigroup during the fourth quarter worth about $39,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Down 0.1 %

Shares of Citigroup stock opened at $61.50 on Friday. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $59.59 and its 200 day moving average is $52.48. The company has a market cap of $117.79 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the prior year, the firm earned $1.86 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Research analysts anticipate that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.45%. Citigroup’s dividend payout ratio is currently 62.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on C shares. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $46.00 to $65.00 in a research report on Tuesday, January 30th. HSBC increased their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets cut shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.85.

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.