Miles Capital Inc. increased its holdings in shares of Citigroup (NYSE:C) by 36.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,728 shares of the financial services provider’s stock after acquiring an additional 1,811 shares during the period. Miles Capital Inc.’s holdings in Citigroup were worth $454,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Tradition Capital Management LLC boosted its stake in Citigroup by 2.2% during the first quarter. Tradition Capital Management LLC now owns 74,550 shares of the financial services provider’s stock worth $5,032,000 after acquiring an additional 1,580 shares in the last quarter. RWC Asset Management LLP lifted its stake in shares of Citigroup by 5.4% in the first quarter. RWC Asset Management LLP now owns 285,310 shares of the financial services provider’s stock worth $19,258,000 after buying an additional 14,700 shares in the last quarter. Linscomb & Williams Inc. lifted its stake in shares of Citigroup by 8.4% in the first quarter. Linscomb & Williams Inc. now owns 9,524 shares of the financial services provider’s stock worth $643,000 after buying an additional 737 shares in the last quarter. One Capital Management LLC lifted its stake in shares of Citigroup by 2.8% in the first quarter. One Capital Management LLC now owns 35,140 shares of the financial services provider’s stock worth $2,372,000 after buying an additional 968 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its stake in shares of Citigroup by 59.8% in the first quarter. Jacobi Capital Management LLC now owns 3,173 shares of the financial services provider’s stock worth $215,000 after buying an additional 1,187 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.
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Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, March 15th. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. ValuEngine downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 target price on the stock in a research note on Friday, April 6th. Finally, HSBC upgraded shares of Citigroup from a “hold” rating to a “buy” rating and upped their target price for the stock from $82.00 to $85.00 in a research note on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. Citigroup currently has an average rating of “Hold” and an average price target of $80.92.
Citigroup opened at $72.86 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a twelve month low of $59.10 and a twelve month high of $80.70. The company has a market cap of $184.92 billion, a PE ratio of 13.67, a P/E/G ratio of 1.04 and a beta of 1.55.
Citigroup (NYSE:C) last announced its earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the prior year, the company earned $1.35 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. research analysts predict that Citigroup will post 6.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Monday, May 7th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.76%. Citigroup’s dividend payout ratio is currently 24.02%.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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