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

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

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup during the third quarter worth $25,000. SkyView Investment Advisors LLC purchased a new position in shares of Citigroup during the first quarter valued at $28,000. Union Savings Bank purchased a new position in shares of Citigroup during the second quarter valued at $30,000. GHP Investment Advisors Inc. grew its holdings in shares of Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after buying an additional 290 shares in the last quarter. Finally, AlphaMark Advisors LLC grew its holdings in shares of Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Institutional investors own 69.26% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of a number of research analyst reports. Daiwa Capital Markets upgraded Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Monday, December 18th. TheStreet upgraded Citigroup from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Oppenheimer boosted their target price on Citigroup from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Piper Sandler boosted their target price on Citigroup from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.

Featured Stories

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.