Calamos Wealth Management LLC cut its holdings in shares of Citigroup Inc (NYSE:C) by 67.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,486 shares of the financial services provider’s stock after selling 56,243 shares during the quarter. Calamos Wealth Management LLC’s holdings in Citigroup were worth $1,431,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Ayalon Holdings Ltd. bought a new stake in shares of Citigroup in the fourth quarter worth about $50,000. Ironwood Financial llc increased its holdings in shares of Citigroup by 97.2% in the fourth quarter. Ironwood Financial llc now owns 1,134 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 559 shares during the last quarter. First Command Bank increased its stake in Citigroup by 153.6% during the fourth quarter. First Command Bank now owns 1,316 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 797 shares during the last quarter. First Command Financial Services Inc. increased its stake in Citigroup by 153.6% during the fourth quarter. First Command Financial Services Inc. now owns 1,316 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 797 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its stake in Citigroup by 377.4% during the fourth quarter. Baystate Wealth Management LLC now owns 1,332 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 1,053 shares during the last quarter. 72.54% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Citigroup to $64.00 and gave the stock a “hold” rating in a research note on Tuesday, January 15th. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Thursday, November 29th. Morgan Stanley dropped their target price on Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Standpoint Research lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, TheStreet upgraded Citigroup from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $77.20.
Citigroup stock opened at $62.01 on Monday. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.30. The firm has a market cap of $159.37 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.78 and a beta of 1.67. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $78.42.
Citigroup (NYSE:C) last posted its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. Citigroup’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. Analysts anticipate that Citigroup Inc will post 7.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.90%. Citigroup’s dividend payout ratio is currently 27.07%.
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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