Ignite Planners LLC Increases Position in Citigroup Inc. (NYSE:C)

Ignite Planners LLC lifted its holdings in Citigroup Inc. (NYSE:C) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,620 shares of the company’s stock after purchasing an additional 507 shares during the period. Ignite Planners LLC’s holdings in Citigroup were worth $1,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of C. Breakwater Capital Group increased its stake in Citigroup by 3.4% in the fourth quarter. Breakwater Capital Group now owns 14,388 shares of the company’s stock worth $1,013,000 after purchasing an additional 474 shares during the period. Wallace Advisory Group LLC grew its holdings in shares of Citigroup by 12.7% in the fourth quarter. Wallace Advisory Group LLC now owns 7,421 shares of the company’s stock worth $522,000 after purchasing an additional 839 shares during the last quarter. Fortis Advisors LLC increased its stake in Citigroup by 22.0% in the 4th quarter. Fortis Advisors LLC now owns 7,500 shares of the company’s stock worth $528,000 after buying an additional 1,350 shares during the period. Grandview Asset Management LLC bought a new stake in Citigroup during the 4th quarter valued at about $650,000. Finally, FNY Investment Advisers LLC lifted its holdings in Citigroup by 168.7% during the 4th quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company’s stock valued at $1,376,000 after buying an additional 12,280 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

C opened at $72.94 on Tuesday. The company has a market cap of $137.95 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm’s 50-day moving average price is $70.40 and its 200-day moving average price is $65.15. Citigroup Inc. has a 52-week low of $50.51 and a 52-week high of $74.29.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the business posted $1.52 EPS. Citigroup’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.07%. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bank of America raised their target price on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Company raised their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Oppenheimer lowered their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Evercore ISI raised their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Finally, Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

Citigroup 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.