Envestnet Asset Management Inc. Boosts Stock Holdings in Citigroup Inc. (NYSE:C)

Envestnet Asset Management Inc. boosted its stake in shares of Citigroup Inc. (NYSE:C) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,004,132 shares of the company’s stock after acquiring an additional 118,564 shares during the period. Envestnet Asset Management Inc.’s holdings in Citigroup were worth $154,533,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of C. Massachusetts Wealth Management boosted its stake in shares of Citigroup by 0.5% during the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after purchasing an additional 192 shares during the period. Founders Capital Management boosted its stake in shares of Citigroup by 12.5% during the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after purchasing an additional 200 shares during the period. Cowa LLC boosted its stake in shares of Citigroup by 3.1% during the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after purchasing an additional 200 shares during the period. Kornitzer Capital Management Inc. KS boosted its stake in shares of Citigroup by 0.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock worth $1,267,000 after purchasing an additional 200 shares during the period. Finally, Rossmore Private Capital lifted its holdings in Citigroup by 1.5% during the 4th quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock valued at $710,000 after buying an additional 200 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Down 0.3 %

NYSE:C opened at $61.78 on Friday. The firm has a market capitalization of $117.84 billion, a P/E ratio of 18.28, a PEG ratio of 0.93 and a beta of 1.48. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $64.98. The company’s fifty day moving average price is $61.94 and its 200-day moving average price is $56.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.86 earnings per share. As a group, equities research analysts anticipate that Citigroup Inc. will post 5.96 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Analyst Ratings Changes

A number of equities analysts have commented on C shares. Oppenheimer dropped their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Evercore ISI upped their target price on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Jefferies Financial Group upped their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.66.

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.