Citigroup Inc. (NYSE:C) Shares Bought by Columbia Trust Co 01012016

Columbia Trust Co 01012016 lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 10.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,379 shares of the company’s stock after buying an additional 1,772 shares during the period. Columbia Trust Co 01012016’s holdings in Citigroup were worth $997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup during the 3rd quarter worth about $25,000. GHP Investment Advisors Inc. grew its stake in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in Citigroup during the 1st quarter worth approximately $28,000. AlphaMark Advisors LLC grew its stake in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. Finally, Union Savings Bank purchased a new position in Citigroup during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on C. TheStreet upgraded Citigroup from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Piper Sandler upgraded Citigroup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $56.00 to $63.00 in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $59.03.

Citigroup Price Performance

Shares of C traded up $0.72 during mid-day trading on Tuesday, hitting $61.67. The company’s stock had a trading volume of 17,941,806 shares, compared to its average volume of 17,423,281. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52. The firm has a 50-day simple moving average of $55.83 and a 200 day simple moving average of $48.85. The firm has a market capitalization of $118.12 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.68 and a beta of 1.50. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $61.95.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing the consensus estimate of $0.73 by ($1.89). The business had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. Analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were issued a dividend of $0.53 per share. The ex-dividend date was Friday, February 2nd. This represents a $2.12 annualized dividend and a yield of 3.44%. Citigroup’s dividend payout ratio is presently 53.13%.

About Citigroup

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.