First Allied Advisory Services Inc. Raises Holdings in Citigroup Inc (C)
First Allied Advisory Services Inc. raised its stake in shares of Citigroup Inc (NYSE:C) by 8.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,229 shares of the financial services provider’s stock after buying an additional 7,101 shares during the period. First Allied Advisory Services Inc.’s holdings in Citigroup were worth $5,456,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its stake in shares of Citigroup by 5,064.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 39,262,981 shares during the last quarter. Northern Trust Corp lifted its position in Citigroup by 1.9% during the 4th quarter. Northern Trust Corp now owns 32,154,657 shares of the financial services provider’s stock worth $1,673,972,000 after acquiring an additional 604,791 shares during the last quarter. ValueAct Holdings L.P. lifted its position in Citigroup by 20.2% during the 4th quarter. ValueAct Holdings L.P. now owns 31,525,500 shares of the financial services provider’s stock worth $1,641,218,000 after acquiring an additional 5,300,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Citigroup by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 30,039,886 shares of the financial services provider’s stock worth $1,561,201,000 after acquiring an additional 1,187,619 shares during the last quarter. Finally, Norges Bank acquired a new position in Citigroup during the 4th quarter worth $1,383,526,000. 72.18% of the stock is owned by institutional investors.
A number of research analysts have weighed in on C shares. TheStreet raised shares of Citigroup from a “c+” rating to a “b” rating in a research report on Friday, January 25th. HSBC set a $76.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Thursday, April 4th. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Monday, March 18th. Jefferies Financial Group raised shares of Citigroup from a “hold” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $73.00 in a research report on Friday, February 22nd. Finally, UBS Group boosted their target price on shares of Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $80.45.
NYSE:C opened at $64.66 on Thursday. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $75.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36. The stock has a market cap of $169.83 billion, a PE ratio of 9.72, a P/E/G ratio of 0.72 and a beta of 1.71.
Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The company had revenue of $18.58 billion for the quarter, compared to the consensus estimate of $18.56 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc will post 7.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.78%. Citigroup’s payout ratio is 27.07%.
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Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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