BLB&B Advisors LLC acquired a new stake in shares of Citigroup Inc (NYSE:C) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,195 shares of the financial services provider’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Leisure Capital Management increased its stake in Citigroup by 1.6% in the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 59 shares during the period. Halbert Hargrove Russell LLC increased its stake in Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 74 shares during the period. Usca Ria LLC increased its stake in Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after purchasing an additional 90 shares during the period. Hartland & Co. LLC increased its stake in Citigroup by 1.2% in the 2nd quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock worth $554,000 after purchasing an additional 97 shares during the period. Finally, Boys Arnold & Co. Inc. increased its stake in Citigroup by 0.7% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 14,532 shares of the financial services provider’s stock worth $972,000 after purchasing an additional 100 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Shares of Citigroup Inc (NYSE:C) opened at $77.02 on Friday. The firm has a market capitalization of $203,640.00, a P/E ratio of 13.88, a PEG ratio of 1.49 and a beta of 1.54. Citigroup Inc has a 1 year low of $56.14 and a 1 year high of $80.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. equities research analysts anticipate that Citigroup Inc will post 6.33 earnings per share for the current year.

The company 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 $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. Citigroup’s dividend payout ratio is presently 23.06%.

C has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $78.50 price target (up from $77.50) on shares of Citigroup in a research note on Friday, October 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 price target on shares of Citigroup in a research note on Friday, October 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 price target (up from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. Finally, BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $79.90.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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