Citigroup Inc. (NYSE:C) Position Boosted by First Business Financial Services Inc.

First Business Financial Services Inc. grew its holdings in shares of Citigroup Inc. (NYSE:CGet Rating) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,364 shares of the company’s stock after purchasing an additional 937 shares during the period. First Business Financial Services Inc.’s holdings in Citigroup were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Evolution Wealth Advisors LLC raised its position in shares of Citigroup by 6.1% during the third quarter. Evolution Wealth Advisors LLC now owns 2,615 shares of the company’s stock worth $184,000 after acquiring an additional 150 shares during the last quarter. Hyman Charles D raised its position in shares of Citigroup by 3.5% during the third quarter. Hyman Charles D now owns 4,711 shares of the company’s stock worth $331,000 after acquiring an additional 158 shares during the last quarter. AM Investment Strategies LLC raised its position in shares of Citigroup by 0.7% during the fourth quarter. AM Investment Strategies LLC now owns 22,279 shares of the company’s stock worth $1,345,000 after acquiring an additional 164 shares during the last quarter. Adirondack Trust Co. raised its position in shares of Citigroup by 6.8% during the third quarter. Adirondack Trust Co. now owns 2,635 shares of the company’s stock worth $182,000 after acquiring an additional 167 shares during the last quarter. Finally, Affinity Investment Advisors LLC raised its position in shares of Citigroup by 3.5% during the fourth quarter. Affinity Investment Advisors LLC now owns 5,083 shares of the company’s stock worth $307,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 74.91% of the company’s stock.

C has been the topic of several recent analyst reports. Morgan Stanley lowered Citigroup from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $75.00 to $60.00 in a research note on Monday, March 28th. Wells Fargo & Company dropped their price target on Citigroup from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, March 14th. Barclays dropped their price target on Citigroup from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 6th. Credit Suisse Group dropped their price target on Citigroup from $72.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 7th. Finally, Atlantic Securities lowered Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Thursday, March 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.48.

C stock traded down $1.46 during midday trading on Tuesday, hitting $48.43. The company’s stock had a trading volume of 747,794 shares, compared to its average volume of 27,342,115. The stock’s 50-day moving average price is $53.37 and its 200 day moving average price is $60.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.42. Citigroup Inc. has a 1 year low of $47.78 and a 1 year high of $80.29. The stock has a market cap of $95.93 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 0.66 and a beta of 1.61.

Citigroup (NYSE:CGet Rating) last issued its quarterly earnings results on Thursday, April 14th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.47. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. The firm had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.12 billion. During the same quarter in the prior year, the firm earned $3.62 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Citigroup Inc. will post 6.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 2nd will be issued 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 4.21%. Citigroup’s dividend payout ratio (DPR) is 24.06%.

In related news, insider Sara Wechter sold 14,800 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.

Citigroup Company 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).

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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