UMB Bank n.a. Cuts Holdings in Citigroup Inc. (NYSE:C)

UMB Bank n.a. lowered its holdings in Citigroup Inc. (NYSE:CFree Report) by 27.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,269 shares of the company’s stock after selling 12,219 shares during the quarter. UMB Bank n.a.’s holdings in Citigroup were worth $1,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in C. Founders Capital Management grew its stake in Citigroup by 12.5% during the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after buying an additional 200 shares during the last quarter. Cowa LLC grew its stake in Citigroup by 3.1% during the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after buying an additional 200 shares during the last quarter. Mirador Capital Partners LP grew its stake in Citigroup by 3.9% during the 4th quarter. Mirador Capital Partners LP now owns 6,078 shares of the company’s stock worth $313,000 after buying an additional 228 shares during the last quarter. Quent Capital LLC grew its stake in Citigroup by 4.5% during the 4th quarter. Quent Capital LLC now owns 5,486 shares of the company’s stock worth $282,000 after buying an additional 236 shares during the last quarter. Finally, Summit Financial LLC grew its stake in Citigroup by 3.6% during the 3rd quarter. Summit Financial LLC now owns 7,046 shares of the company’s stock worth $290,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Societe Generale cut Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. HSBC increased their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, BMO Capital Markets cut Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.56.

Check Out Our Latest Stock Analysis on Citigroup

Citigroup Stock Performance

Citigroup stock opened at $61.70 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $57.10 and a two-hundred day moving average of $49.68. The company has a market capitalization of $118.17 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.75 and a beta of 1.52. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings results 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). The company had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. On average, analysts anticipate that Citigroup Inc. will post 5.83 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.44%. Citigroup’s dividend payout ratio is currently 53.13%.

Citigroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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