WASHINGTON TRUST Co Boosts Stock Position in Citigroup Inc. (NYSE:C)

WASHINGTON TRUST Co boosted its holdings in Citigroup Inc. (NYSE:C) by 112.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,644 shares of the company’s stock after acquiring an additional 1,927 shares during the quarter. WASHINGTON TRUST Co’s holdings in Citigroup were worth $187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Planned Solutions Inc. bought a new position in Citigroup in the 4th quarter valued at approximately $94,000. Courier Capital LLC lifted its holdings in shares of Citigroup by 0.5% during the 4th quarter. Courier Capital LLC now owns 58,956 shares of the company’s stock valued at $3,033,000 after buying an additional 286 shares during the period. Highland Capital Management LLC lifted its holdings in shares of Citigroup by 0.7% during the 4th quarter. Highland Capital Management LLC now owns 189,920 shares of the company’s stock valued at $9,770,000 after buying an additional 1,383 shares during the period. Columbia Trust Co 01012016 lifted its holdings in shares of Citigroup by 10.1% during the 4th quarter. Columbia Trust Co 01012016 now owns 19,379 shares of the company’s stock valued at $997,000 after buying an additional 1,772 shares during the period. Finally, Schechter Investment Advisors LLC lifted its holdings in shares of Citigroup by 8.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 26,946 shares of the company’s stock valued at $1,386,000 after buying an additional 2,120 shares during the period. 71.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on C. Piper Sandler raised Citigroup from a “neutral” rating to an “overweight” rating and increased their price target for the company from $56.00 to $63.00 in a report on Wednesday, February 14th. TheStreet raised Citigroup from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. HSBC increased their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Wednesday, January 3rd. Finally, The Goldman Sachs Group raised Citigroup from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $68.00 in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $59.56.

Citigroup Trading Up 0.8 %

Shares of C stock opened at $63.24 on Friday. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.37. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $121.12 billion, a PE ratio of 15.85, a PEG ratio of 1.72 and a beta of 1.50. The stock has a fifty day simple moving average of $56.30 and a two-hundred day simple moving average of $49.05.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The business had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. On average, analysts predict that Citigroup Inc. will post 5.83 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.35%. Citigroup’s payout ratio is 53.13%.

Citigroup Company Profile

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.