Intercontinental Wealth Advisors LLC Has $332,000 Stock Holdings in Citigroup Inc. (NYSE:C)

Intercontinental Wealth Advisors LLC raised its holdings in Citigroup Inc. (NYSE:CGet Rating) by 12.7% during the fourth quarter, HoldingsChannel reports. The firm owned 5,495 shares of the company’s stock after acquiring an additional 620 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Citigroup were worth $332,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Poehling Capital Management LLC boosted its holdings in shares of Citigroup by 8.6% during the 4th quarter. Poehling Capital Management LLC now owns 60,638 shares of the company’s stock valued at $3,662,000 after acquiring an additional 4,817 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of Citigroup by 40.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 4,412 shares of the company’s stock valued at $310,000 after acquiring an additional 1,281 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of Citigroup by 33.3% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 56,364 shares of the company’s stock valued at $3,955,000 after acquiring an additional 14,068 shares in the last quarter. Sompo Asset Management Co. Ltd. acquired a new stake in shares of Citigroup during the 3rd quarter valued at $1,117,000. Finally, Griffin Asset Management Inc. boosted its holdings in shares of Citigroup by 48.3% during the 4th quarter. Griffin Asset Management Inc. now owns 5,607 shares of the company’s stock valued at $339,000 after acquiring an additional 1,827 shares in the last quarter. 72.09% of the stock is currently owned by hedge funds and other institutional investors.

In other Citigroup news, insider Sara Wechter sold 14,800 shares of Citigroup stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $68.56, for a total transaction of $1,014,688.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

C has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on Citigroup from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, March 14th. Oppenheimer lowered their target price on Citigroup from $120.00 to $114.00 in a research report on Tuesday, January 18th. BMO Capital Markets lowered their target price on Citigroup from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 18th. Atlantic Securities lowered Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Thursday, March 3rd. Finally, Barclays lowered their price objective on Citigroup from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Citigroup currently has an average rating of “Hold” and an average target price of $72.10.

Shares of C opened at $51.13 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50-day moving average of $55.88 and a 200-day moving average of $62.28. The company has a market cap of $101.28 billion, a PE ratio of 6.03, a P/E/G ratio of 0.67 and a beta of 1.67. Citigroup Inc. has a one year low of $49.04 and a one year high of $80.29.

Citigroup (NYSE:CGet Rating) last released its quarterly earnings results on Thursday, April 14th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.03). The company had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.12 billion. Citigroup had a net margin of 22.95% and a return on equity of 10.96%. Citigroup’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.62 EPS. Analysts expect that Citigroup Inc. will post 6.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 2nd will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, April 29th. This represents a $2.04 dividend on an annualized basis and a yield of 3.99%. Citigroup’s dividend payout ratio (DPR) is currently 24.06%.

Citigroup Profile (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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