Altman Advisors Inc. Buys 680 Shares of Citigroup Inc. (NYSE:C)

Altman Advisors Inc. boosted its stake in Citigroup Inc. (NYSE:CFree Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,268 shares of the company’s stock after acquiring an additional 680 shares during the period. Altman Advisors Inc.’s holdings in Citigroup were worth $1,557,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in C. Orion Capital Management LLC bought a new stake in shares of Citigroup in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. bought a new stake in shares of Citigroup in the fourth quarter valued at approximately $35,000. AlphaMark Advisors LLC raised its position in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Citigroup in the fourth quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC raised its position in shares of Citigroup by 52.5% in the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock valued at $41,000 after purchasing an additional 274 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock traded up $0.65 during trading hours on Wednesday, reaching $64.24. The company had a trading volume of 9,334,106 shares, compared to its average volume of 16,144,023. The business has a fifty day moving average price of $60.74 and a 200-day moving average price of $53.97. Citigroup Inc. has a one year low of $38.17 and a one year high of $64.39. The firm has a market cap of $122.53 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:CGet Free Report) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same period in the previous year, the business posted $1.86 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Analyst Ratings Changes

Several equities analysts recently commented on C shares. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and upped their price target for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. Finally, Oppenheimer decreased their price objective on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.85.

Read Our Latest Analysis on C

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.

See Also

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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