EMC Capital Management Invests $178,000 in Citigroup Inc. (NYSE:C)

EMC Capital Management bought a new stake in Citigroup Inc. (NYSE:CFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,400 shares of the company’s stock, valued at approximately $178,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Carmel Capital Partners LLC purchased a new position in Citigroup in the third quarter valued at about $25,000. SkyView Investment Advisors LLC bought a new stake in shares of Citigroup during the 1st quarter worth about $28,000. Union Savings Bank bought a new stake in shares of Citigroup during the 2nd quarter worth about $30,000. GHP Investment Advisors Inc. boosted its stake in shares of Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 290 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on C. Daiwa Capital Markets upgraded Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Monday, December 18th. Oppenheimer upped their price target on Citigroup from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Barclays boosted their price objective on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Piper Sandler boosted their price objective on Citigroup from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. Finally, TheStreet raised Citigroup from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.62.

View Our Latest Analysis on C

Citigroup Trading Down 0.1 %

C stock opened at $53.93 on Tuesday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $57.95. The firm has a market cap of $103.22 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.47 and a beta of 1.52. The business’s 50 day moving average is $52.15 and its 200-day moving average is $45.84. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings data on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($1.89). Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $18.71 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts anticipate that Citigroup Inc. will post 5.94 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $2.12 dividend on an annualized basis and a yield of 3.93%. Citigroup’s dividend payout ratio (DPR) is presently 53.13%.

About Citigroup

(Free Report)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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