Criterion Capital Advisors LLC Has $1.61 Million Holdings in Citigroup Inc. (NYSE:C)

Criterion Capital Advisors LLC grew its holdings in Citigroup Inc. (NYSE:C) by 21.9% during the first quarter, Holdings Channel.com reports. The firm owned 25,398 shares of the company’s stock after buying an additional 4,567 shares during the period. Criterion Capital Advisors LLC’s holdings in Citigroup were worth $1,606,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Kentucky Retirement Systems increased its position in Citigroup by 2.6% in the 4th quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after purchasing an additional 3,808 shares during the last quarter. Simplicity Solutions LLC raised its position in Citigroup by 17.6% during the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after acquiring an additional 4,150 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Citigroup by 56.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after acquiring an additional 449,310 shares during the last quarter. GFS Advisors LLC acquired a new stake in Citigroup in the fourth quarter valued at approximately $2,003,000. Finally, TD Asset Management Inc grew its position in Citigroup by 21.8% in the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock worth $49,776,000 after acquiring an additional 173,137 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

C traded up $1.91 during midday trading on Friday, reaching $63.46. 20,053,213 shares of the company’s stock were exchanged, compared to its average volume of 11,738,575. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The business has a 50-day simple moving average of $62.06 and a two-hundred day simple moving average of $57.86. The firm has a market capitalization of $121.05 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.94 and a beta of 1.48. Citigroup Inc. has a one year low of $38.17 and a one year high of $64.98.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.86 EPS. As a group, research analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were paid a $0.53 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.34%. Citigroup’s dividend payout ratio is presently 62.72%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on C. Morgan Stanley restated an “overweight” rating and set a $65.00 target price on shares of Citigroup in a report on Thursday, June 20th. HSBC raised their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. Oppenheimer dropped their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. Finally, Evercore ISI upped their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.03.

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.